Wall Street advances; Bank shares and energy sector lead the increases

The main indices of the US stock market operate with gains this Monday. Wall Street progress was driven mainly by banks, energy companies and other sectors sensitive to the performance of the economy, after the sharp falls caused by fears of the Covid-19 Omicron variant.

The main index Dow Jones, made up of the shares of 30 industrial giants, moved 1.62% to 35,140.46 points and led the gains. The reference S&P 500, of 500 values, it rises 0.95% to 4,581.40 points. The index Nasdaq, which has a high technology component, advanced 0.40% to 15,146.28 units.

Anthony Fauci, the United States’ chief responsible for infectious diseases, stated that “so far [esta nueva variante Ómicron de Covid-19] it doesn’t appear to be of a great degree of severity. ”Investors, however, remain wary of its possible consequences for the global economy.

“With still little conclusive news on the Omicron variant and the less pessimistic US health authorities, the focus returns to inflation and growth expectations. Stock markets opened green and stocks like Apple and Home Depot, as well as the energy sector, piling up hikes, “eToro said.

Among the issuer, stands out a collapse in the shares of the electric car manufacturer Lucid, which collapsed after the group reported that it is the subject of an investigation by the US stock market authorities, which is investigating the conditions of its entry to the stock market. Their titles fell more than 18 percent.

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Reference-www.eleconomista.com.mx

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