After the Christmas break, the main stock indices on Wall Street are moving upwards, with investors examining and incorporating in their estimates the developments around the spread of the new Omicron mutation of the coronavirus.
On the dashboard, the industrial Dow Jones gains 153.40 points or 0.43% with S&P 500 to record gains of 29.72 points or 0.63%, moving towards a new historical high, while the technological Nasdaq gains 89.8 points or 0.57%.
Airline stocks fell after a Christmas weekend in which thousands of flights were delayed or canceled due to a high degree of coronavirus spread and in particular the Omicron mutation between crews.
Shares of United Airlines, American Airlines and Delta Air Lines are falling more than 3%, while cruise line companies Carnival, Royal Caribbean and Norwegian Cruise Line are looking to lose at least 4%.
Despite the temporary blow to the travel industry, market strategy executives remain generally optimistic about the course of the shares, despite the new outbreak of the pandemic.
“We do not expect Omicron to have a significant impact on growth prospects, but we believe that it brings the pandemic one step closer,” Dubravko Lakos-Bujas, JP Morgan, said in a note today.
Holiday sales in the US exceeded those of 2020 by 8.5%, the largest annual increase in 17 years, according to Mastercard data.
The specific data show that the consumption exceeded the problems in the supply chain, the higher prices, but also the effect of the Omicron mutation in the last weeks of the buying “fever” of the holidays.
Her share GoDaddy jumped 6.6% after news broke that investment activist Starboard Value had bought a 6.5% stake in the company.
Investors are “chasing” the well-known “New Year rally”, in a year in which the S&P 500 has gained an inconspicuous 25.8%. Historically, the general index moves upwards in the last five days of trading of the year and in the first two days of the new year.
Of the 30 Dow shares, 24 are positive and 6 are negative. The profits are led by those of Cisco, Goldman Sachs, Apple, while those losses of Boeing, Walt Disney, Travelers Cos.
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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.
