Wall: Dow and S&P have bowed for new highs – The Nasdaq has also risen

Wall Street has set a new record in the penultimate session of the year, although key indices are moving slightly upwards, with the investment appetite partly fueled by the belief that the outbreak of the pandemic over the Omicron super-transmission variant will not cause permanent damage to the economy. .

The upward sentiment is also supported by the data for the new applications for unemployment benefits in the USA, which for the previous week remained close to the lowest level of 52 years, although the labor shortages are worrying.

On the board, the Dow Jones industrial average is moving to new highs, as it adds 59 points or 0.16% and moves to 36,547.87 points, while for its 71st record the wider S&P 500 is preparing, recording gains of 0.23% at 4,804 , 05 units. As for the technology Nasdaq, it is trying to differentiate itself from yesterday’s picture and is following the other two indices, recording gains of 0.48% at 15,841.80 points.

It is noted that yesterday the blue chips index gained 0.3% and made the 6X6 achieving its 45th record at the end of the year, while the S&P 500 with an increase of 0.14% set its 70th record for this year. Nasdaq failed to follow, recording losses of 0.1%

For the week, the Dow is heading for gains of 1.5%, the S&P 500 is up 1.4%, while the Nasdaq Composite is up 0.7%. For the month, the Dow is on track for gains of 5.8%, with the S&P 500 following with + 5% and the Nasdaq adding 1.5%. Finally, for the year, the index of blue chips rises by 19%, the S&P 500 gains by 28%, while the Nasdaq so far this year adds 22%.

At the end of the day, investors welcomed the latest labor market data, which showed that 198,000 Americans applied for unemployment benefits during the week ended December 25, remaining near the 52-year low despite the rising volatility. Ομικρον.

Initial jobless claims fell slightly from the revised 206,000 two weeks ago.

Economists polled by the Wall Street Journal predicted that new applications would reach the seasonally adjusted 205,000.

The buying mood of investors, however, is fueled by the encouraging data of the last weeks for the Omicron variant of the coronavirus, which based on the preliminary data indicate that this particular strain causes milder symptoms than previous executives, although there are concerns that it does not have still affect key sectors of the economy.

The number of Americans hospitalized with COVID-19 is estimated at about 60,000, or about half that of January, according to the U.S. Centers for Disease Control and Prevention, although new cases are setting daily records.

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