Wall Street Kicks Off 2022 With Profits; Apple and Tesla power the S&P 500

Shares closed higher on Monday at Wall Street, with Apple reaching $ 3 trillion in market capitalization and Tesla posting excellent delivery figures, which gave investors optimism on the first trading day of the year.

Apple became the first company to reach the mark. Its shares closed higher.

The papers of Tesla also advanced after the company’s quarterly deliveries exceeded estimates of Wall Street, outpacing the global shortage of chips as production in China increased.

Both actions gave the greatest boost to the S&P 500.

Several analysts said that lower investor fears about the impact of the Omicron variant of the coronavirus on the economy also supported market sentiment, despite the increase in Covid-19 cases.

The energy and financial sectors also advanced.

The main indices of Wall Street They ended 2021 with monthly, quarterly and yearly earnings, posting their biggest three-year advance since 1999.

The Promedio Industrial Dow Jones rose 246.76 points, or 0.68%, to 36,585.06 units, while the S&P 500 added 30.38 points, or 0.64%, to 4,796.56 units. The Nasdaq Composite added 187.83 points, or 1.2%, to 15,832.80 units.

Bank stocks followed the rally in Treasury yields as investors expect a series of interest rate hikes from the Federal Reserve.

The S&P 500 climbed 27% in 2021 and posted a record 70 closures, the second-highest ever, in a tumultuous year hit by new Covid-19 variants and supply chain shortages. The Dow Jones was up 18.7% for the year and the Nasdaq, of great technological weight, gained 21.4 percent.

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Reference-www.eleconomista.com.mx

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