LAST UPDATE 19:00
The industrial Dow Jones remains at record levels, although it has reduced its initial gains, while the wider S&P 500 lost the gains that led it earlier to new historical highs. The technology Nasdaq continues with great losses.
The bad epidemiological picture has not stopped the US market from recording new highs in the first sessions of 2022 – yesterday the Dow Jones and S&P 500 closed with new records – as investors remain optimistic that despite the global outbreak of coronavirus due to micron, the world’s largest economies will not go into lockdowns again.
Experts ‘initial estimates that the new micron mutation is milder than the delta fuel investors’ optimism that the restrictive measures imposed by governments will not be as severe as they once were, when they led the world economy into recession.
Infections, however, are setting one record after another, causing concern among experts. The United States recorded a total of 1,083,948 cases on Monday, a new record since the beginning of the pandemic, according to data compiled by Johns Hopkins University. This is more than double the previous record of 486,428 set just four days ago.
Indicators – Statistics
On the board, the Dow Jones industrial average strengthened by 249.19 points or 0.66% to 36,826.24 points, while the broader S&P 500 fell by 4.54 points or -0.09% to 4,792.02 points. The technology Nasdaq loses 259.22 points or -1.61% to 15,577.31 points.
Of the 30 stocks that make up the Dow Jones industrial index 23 are moving with a positive sign and seven with a negative. The biggest gains were made by Caterpillar with gains of $ 7.94 or 3.84% at $ 214.94, followed by JPMorgan Chase at $ 167.34 with gains of 3.49% and American Express at $ 173.56 with an increase of 3.18%.
The three stocks with the biggest losses are Salesforce (-3.12%), Microsoft (-1.99%) and UnitedHealth Group (-1.32%).
In business developments, Ford Motor shares jumped more than 11% after the automaker announced plans to nearly double production of its F-150 Lightning electric truck at its Michigan plant to 150,000 vehicles a year to cover ” huge increase in demand “.
Apple Inc. is down 1.4% after yesterday’s jump that led it intra-conference above the level of $ 3 trillion. in stock value, a level that however failed to hold until closing.
.
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.
