The main indices of Wall Street closed Tuesday with a sharp rise, with increases in travel and technology stocks, as well as those of Nike Y Micron Technology following its earnings reports, and recovering from a drop caused by fear of the coronavirus in the previous session.
The Omicron variant The rapidly spreading coronavirus has rocked stock markets around the world, causing volatility in the final month of 2021, which has been a generally bullish year for equities.
The advances of the great technological and related values, such as Microsoft Y Amazon, boosted indices on Tuesday, as did gains in economically sensitive sectors such as energy.
Travel-related values, such as Carnival Corp, Las Vegas Sands Y Expedia Group, closed higher.
“It’s clearly a risky day,” said David Joy, chief market strategist at Ameriprise Financial. “This is clearly, at least for the day, investors saying, ‘you know what, we’re going to be able to navigate through this omicron outbreak and come out the other side in great shape.”
The S&P 500 gained 81.21 points, or 1.78%, to 4,649.23 units, while the Nasdaq Composite It was up 360.15 points, or 2.40%, to 15,341.09. The Promedio Industrial Dow Jones it advanced 560.54 points, or 1.60%, to 35,492.7 units.
Defensive sectors, such as consumer staples and utilities, which led the market in December, fell on Tuesday.
The actions of Nike They rose after the sportswear company’s results beat quarterly earnings and revenue estimates, and it said it was confident that supply chain problems would ease in its next fiscal year.
The actions of Micron Technology They closed higher after the chip company predicted second-quarter sales and profits will exceed estimates and product shortages will narrow in 2022.
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Reference-www.eleconomista.com.mx