The New York Stock Exchange ended with a solid rise on Monday, with the S&P 500 reaching a new high at the beginning of the last week of the year.
The S&P 500 Index closed at a record high on Monday, in its fourth session of gains, as strong retail sales data underscored the strength of the economy and eased concerns about flight cancellations due to the spread of the Omicron variant of coronavirus.
The rally is the longest since an eight-day streak that ended on November 8.
Retail sales rose 8.5% during the holiday shopping season, from November 1 to December 24, driven by the boom in e-commerce, a report from Mastercard Inc. The retail trade index the S&P 500 rose in the session.
Travel-related stocks, which are often sensitive to news of the coronavirus, fell after US airlines canceled about 800 more flights on Monday, having cut thousands of flights over the Christmas weekend, amid the surge. of omicron cases.
The airline industry S&P 1500 under. Cruise operators Norwegian Cruise Line Holdings, Royal Caribbean Y Carnival Corp led declines in the benchmark S&P 500 index.
Monday’s advance marks a fourth consecutive session of gains for the main indexes of Wall Street after encouraging news last week related to the Omicron variant eased concerns about the economic impact of the variant.
The top 11 industry indices of the S&P 500 advanced, with energy and technology leading the percentage gains.
According to preliminary closing data, the S&P 500 gained 65.21 points, or 1.39%, to 4,791 units, while the Nasdaq Composite added 216.53 points, or 1.38%, to 15,869.90 units. The Promedio Industrial Dow Jones it rose 350.63 points, or 0.98%, to 36,301.19 units.
The Nasdaq was boosted by megacap companies like Tesla Inc, Microsoft Corp, Apple Inc, Y Meta Platform.
Wall Street’s major stock indices are heading for a third consecutive annual gain, with the S&P 500 set to close with its best three-year performance since 1999.
Reference-www.eleconomista.com.mx