Indices in this article
NEW YORK (dpa-AFX) – Moderate gains are emerging on the US stock markets at the beginning of the last week of the year. The market-wide and particularly meaningful S&P 500 could even reach a new high on Monday.
Around an hour before the start of the stock market, the broker IG valued the leading index Dow Jones Industrial (Dow Jones 30 Industrial) 0.20 percent higher to 36,022 points. The technology-heavy NASDAQ 100 is expected to be 0.44 percent firmer at 16,380 meters. Before the extended Christmas weekend, both indices had taken a three-day recovery series. The S&P 500 was only just below its record high on Thursday – from the closing price it is less than 20 points or just under 0.4 percent missing.
The annual balance sheets of the three indices are also impressive: The Nasdaq 100 is ahead with an increase in value of almost 27 percent so far, closely followed by the S&P 500, which has increased by almost 26 percent. The Dow Jones Industrial lags a little behind with a plus of a good 17 percent.
Meanwhile, the shares of the US airlines are threatened with significant price losses on Monday. They had to cancel hundreds of flights over the Christmas weekend due to the rampant Coronavirus variant Omikron and bad weather. In the USA, the Omikron variant is now dominant – the number of corona cases has recently skyrocketed. In many places, records were broken for the new infections reported daily. On Monday, United Airlines, American Airlines and Delta Air Lines each lost around two percent before the market.
The shares of Chinese companies listed in the USA suffered from the new rules of the Chinese management for listing shares on foreign stock exchanges: While the shares of Amazon’s competitor Alibaba fell by 0.8 percent, the recent record-low titles of the transport service provider Didi (DiDi Global A) 1.4 percent. It remains to be seen whether the new rules will ultimately be perceived as a burden or a relief: The uncertainty about the regulatory efforts of the domestic government has been putting the share prices of Chinese technology companies in particular under pressure for months ./gl/stw
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