EDITOR'S NOTE
U.S. stocks resumed trading Monday with a bang as markets reopened after the Christmas holiday.
The major averages each rose during the day with the S&P 500 closing at an all-time high. The session marked the broad-market index's 69th record close this year and brings its year-to-date return to more than 27%.
The S&P 500 has historically gained during the Santa Claus rally period — the final five trading days of the current year and the first two of the new year — which started Monday.  Investors appeared to brush off the Covid omicron variant's impact on the overall equity outlook. Studies suggest the omicron strain has a lower risk of hospitalization than other coronavirus variants.
"As the new year approaches, it's helpful to take stock of where things stand in the ongoing pandemic recovery. At a high level, the economy continues its transition to post-recovery growth," Glenmede's Jason Pride and Michael Reynolds said in a note Monday.
Energy stocks were among the S&P 500's leaders Monday as oil prices rose. The sector is set to finish the year as the S&P 500′s top-performing group. Semiconductor stocks also led the way on the benchmark index. Retail stocks also got a lift as holiday sales rose 8.5% in 2021 from last year, the fastest pace in 17 years, according to Mastercard data.
Meanwhile, Covid weighed on travel sectors Monday as airlines, cruise operators and casino stocks took a hit.
TOP NEWS
TOP VIDEO
CNBC PRO
SPECIAL REPORTS
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senin, 27 Desember 2021
S&P 500 closes at a record | Energy stocks’ winning year | JPMorgan: These stocks could jump in January
Langganan:
Posting Komentar (Atom)
Tidak ada komentar:
Posting Komentar