NEW YORK (awp international) – US stock markets ushered in the last week of the old year with firmer prices. The market-wide and particularly meaningful S&P 500 index climbed another high on Monday and was most recently 0.86 percent higher at 4766.55 points. For the US leading index Dow Jones Industrial it went up 0.51 percent to 36,134.53 points. The technology-heavy Nasdaq 100 rose 1.26 percent to 16,513.55 points.
Even before the extended Christmas weekend, the three stock market barometers had laid out a series of several days of recovery. The annual balance sheets of the three indices are also impressive: The Nasdaq 100 is ahead with an increase in value of a good 28 percent so far, closely followed by the S&P 500, which has increased by almost 27 percent. The Dow Jones Industrial lags behind with a plus of a good 18 percent.
In contrast to the general market trend, airline shares were weaker. The US airlines 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.
The papers of United Airlines and Delta Air Lines fell by 1.1 percent each and that of American Airlines by 1.6 percent.
Some of 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 stagnated, the recent record-low shares of the transport service provider Didi lost 2.0 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./edh/he
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