Moderate movements on Wall Street on Wednesday, with the Dow wanting to extend its uptrend for the 6th day. At the same time, the S&P 500 is trying to recover from yesterday’s losses that deprived it of its 70th record in 2021, while the Nasdaq also aims to return to positive ground.
Investors are focusing on developments in the Omicron mutation, with the resurgence of cases not discouraging markets, even after the World Health Organization announced that the number of new infections recorded worldwide last week increased by 11% compared to the previous one.
After a strong start in the last week of 2021, Wall Street is trying to find vital ground for a new record. Many investors estimate that the economic recovery and strong profits of American companies will continue to support the markets in 2022, at least for the first months.
Preliminary research shows that the Omicron mutation does not cause as serious a disease as other mutant strains, and that those infected with the Omicron may be protected against Delta re-infection are also sending positive signals to the markets.
“In any case, yesterday’s ‘brake’ on the Wall is far from being a ‘climate reversal,'” said Charalambos Pissouros, head of research at JFD Group, in a note.
“With the lockdown scenario unlikely, due to the milder symptoms caused by Omicron, investors want to reheat the so-called ‘New Year rally’ in the last sessions of the year,” he wrote.
In macro of the day, “jump” recorded the US trade deficit in November, climbing to a historically high level, with the country remaining on track to show the largest annual deficit in its history in 2021.
In particular, the trade deficit increased by 17.5% last month and amounted to $ 97.8 billion, compared to $ 83.2 billion in October, according to data released today. This significant increase is due to the jump in imports and the decline in the country’s exports over the same period.
In the meantime, his performance 10-year US government bondA is amplified by 1.5 bp. at 1.49%, while the dollar earns less than 0.1% according to the ICE US Dollar
Indicators – Statistics
On the dashboard, the industrial Dow adds 0.25% to 36,480 points, the widest S&P 500 gains 0.13% to 4,792 points, while the Nasdaq shows small fluctuations of 15,760 units.
From 30 shares that make up the Dow, 23 move with a positive sign and 7 with a negative. Nike (+ 1.46%), Home Depot (0.93%) and Cisco (+ 0.74%) are leading the gains, while Boeing (-1.49%) and Chevron (-1) are the biggest losers. , 07%).
Tesla shares are in the spotlight after auto CEO Elon Musk sold another 934,090 shares worth about $ 1.02 billion, according to financial documents released Tuesday, according to CNBC. Musk also exercised options to buy nearly 1.6 million Tesla shares for $ 6.24 per share, which were awarded to him through a 2012 compensation package. Tesla shares fall 0.23% on Wednesday.
Apple adds 0.55% to the aftermath of reports that iPhone maker pays up to $ 180,000 to prevent its employees from moving to competitors, including Facebook’s parent company Meta Platforms, according to Bloomberg News.
.
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.
