Wall Street advances on lower fear of Omicron in pre-Christmas rally

The main stock indexes of the US market operate with gains this Thursday. Wall Street is painted green after the positive news published yesterday about the new Omicron variant of Covid-19 that have encouraged investors to increase their positions near the end of this year.

The benchmark index S&P 500, made up of the shares of the 500 strongest issuers in the market, gained 0.67% to 4,727.80 units. The Dow Jones, out of 30 industrial giants, it moves 0.62% to 35,976.56 points. The market index Nasdaq, which has a high technological component, gains 0.65% to 15,623.37 points.

Studies carried out in the United Kingdom and South Africa have shown that the Omicron variant, although it has a greater transmission potential and evades vaccines more easily, causes less aggressive symptoms than the previous mutations, which would bring much lower numbers of hospitalizations and deaths .

Among issuers, the performance of Caterpillar shares stands out, which has recently been driven by expectations that it will benefit from the rebound in the economy. Among technology firms, the shares of Tesla they are up more than 3.5% in an extension of their considerable move recorded yesterday.

The US market, as well as most of the most relevant stock markets, will have a closing of activities tomorrow, due to the celebration of Christmas Eve.

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Reference-www.eleconomista.com.mx

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