The picture on Wall Street is improving with the indices continuing slightly upwards after the hesitant start, although the climate continues to be burdened by the new records of coronavirus cases worldwide, due to the superconducting mutation of the coronavirus.
The market enters the new year in the shadow of the highly contagious micron mutation of the coronavirus that has led to cases breaking one record after another. A total of 10 million people, a record number since the beginning of the pandemic, were diagnosed with coronavirus in the previous seven days until Sunday. This is almost twice the size of the previous weekly high, according to Bloomberg.
The rapid spread of the coronavirus will test the resilience of the economy at a time when the Federal Reserve is preparing to tighten its policy this year to tackle the inflation rally. Analysts do not rule out the possibility that the US Federal Reserve will make three more rate hikes this year.
Indicators – Statistics
On the board, the Dow Jones industrial average strengthened by 13.06 points or 0.04% to 36,351.36 points, while the broader S&P 500 adds 6.33 points or 0.13% to 4,772.51 points. The technology Nasdaq adds 114.12 points or 0.72% to 15,757.14 points.
Of the 30 stocks that make up the Dow Jones industrial average, 13 are moving with a positive sign and 17 with a negative. The biggest gains were made by Boeing with gains of $ 7.43 or 3.69% at $ 208.75, followed by Goldman Sachs Group at $ 394.42 with gains of 3.10% and JPMorgan Chase at 162.14 USD with an increase of 2.39%.
The three stocks with the biggest losses are Home Depot (-2.37%), Nike (-1.69%) and Procter & Gamble (-1.60%).
US stocks fell in the last session of 2021 on Friday, with the Dow Jones losing 59.78 points or 0.2%, the S&P 500 falling 12.55 points or 0.3% and the tech Nasdaq slips by 96.59 points or 0.6%.
However, Wall Street ended 2021 with strong gains as the US economy recovered strongly from the 2020 recession. In particular, the S&P 500 jumped 26.9% last year, surpassing the Nasdaq by 21.4% and of Dow Jones by 18.7%.
In business developments, Tesla’s title jumped more than 10% after the company announced that it delivered more than 308,000 vehicles in the fourth quarter, easily exceeding analysts’ estimates. Deliveries jumped about 87% in 2021.
The investment is expected to focus this week on the minutes of the last Fed monetary policy meeting to be published in the middle of the week as well as the government report on new jobs and unemployment which will be announced at the end of the week.
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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.
