On Monday, the main indicators of Wall Street completed their trading on Monday, recovering part of the heavy losses on Friday when the shock from the appearance of the mutated strain Omicron of the coronavirus triggered strong shocks in the world stock markets.
On Friday, the industrial Dow Jones fell 905.04 points or 2.5% in its worst session since October 28, 2020, while the broader S&P 500 fell 2.3% and the tech Nasdaq sank 2.2% into a violent amid falling spiral amid growing concerns about the global economic impact of the new coronavirus strain, with dozens of mutations appearing in South Africa and now found in many countries in Europe, Asia and the Americas.
The World Health Organization has spoken of a “mutation of concern”, while drug giants Moderna, Pfizer and others have announced that they have begun studying the mutation to evaluate how it responds to their vaccines.
In the US, health experts recommend caution, but not panic, for the new strain. THE US President Joe Biden called today The Americans to wear masks indoors and in public places, while he reiterated his call for all citizens to be vaccinated, noting that “sooner or later we will see cases of the new strain of the virus here in the United States.”
Indicators – Statistics
On the board, the Dow Jones industrial average gained 236.60 points or 0.68% and closed at 35,135.94 points, while the broader S&P 500 added 60.65 points or 1.32% and climbed to 4,655.27 points. The technology Nasdaq strengthened by 291.18 points or 1.88% and closed trading at 15,782.83 points.
Of the 30 stocks that make up the Dow Jones industrial average, 18 closed with a positive sign and 12 with a negative. The biggest gains were made by Salesforce.com with gains of $ 12.53 or 4.41% at $ 296.74, followed by UnitedHealth Group at $ 452.00 with an increase of 2.75% and Intel at 50.00 USD with gains of 2.50%.
The biggest losses were recorded by Merck (-5.39%), Walmart (-1.57%) and Caterpillar (-1.41%).
Investors are expecting significant macroeconomic announcements in the coming days, including the consumer confidence index on Tuesday, the manufacturing PMI on Wednesday and the data on the course of employment at the end of the week.
Meanwhile, the retail industry remains in the spotlight in the context of the offers made today by the American chains for Cyber Monday.
Cyber Monday follows the Thanksgiving holiday and Black Friday, with great offers in online stores for consumers. Adobe Analytics estimates that U.S. consumers’ spending online will reach $ 8.9 billion this year, just under the $ 9 billion spent in 2020. Cyber Monday alone , spending is expected to be between $ 10.2 billion and $ 11.3 billion, according to Adobe.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
