Sunday, January 29, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • ABOUT US
    • Why Fintech Zoom?
    • Fintech Zoom Logo
    • FintechZoom PRO
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • ABOUT US
    • Why Fintech Zoom?
    • Fintech Zoom Logo
    • FintechZoom PRO
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
No Result
View All Result
FintechZoom
No Result
View All Result

Wall Street closes up as easing in virus fears aids rebound

Alex Lowe by Alex Lowe
January 5, 2022
in US Stocks
0

Home » Wall Street closes up as easing in virus fears aids rebound

Dec 6 (Reuters) – Wall Street’s major averages closed higher on Monday with economically sensitive sectors and travel-related stocks soaring as investors were encouraged by some optimistic comments from a top U.S. official on the latest COVID-19 variant.

Of Wall Street’s three major averages, the Dow rose the most while energy (.SPNY) and industrials (.SPLRCI) were among the S&P’s strongest sectors. But declines in COVID-19 vaccine companies diminished gains in the healthcare sector (.SPXHC).

While the Omicron COVID-19 variant has caused alarm and some new restrictions around the world, investors appeared to be reassured by Dr. Anthony Fauci, the top U.S. infectious disease official, who told Fintech Zoom that “thus far it does not look like there’s a great degree of severity to it.” However, he did say that more study is needed. read more

Register now for FREE unlimited access to Reuters.com

“People are less worried about the variant,” said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco.

Lip also cited a boost from news that China’s central bank would cut the amount of cash that banks must hold in reserve, potentially boosting overseas companies that sell products in China as well as China’s economy. read more

According to preliminary data, the S&P 500 (.SPX) gained 52.37 points, or 1.15%, to end at 4,590.80 points, while the Nasdaq Composite (.IXIC) gained 137.12 points, or 0.91%, to 15,222.59. The Dow Jones Industrial Average (.DJI) rose 642.29 points, or 1.87%, to 35,222.37.

The S&P 500 Value Index (.IVX) outperformed its growth counterpart (.IGX).

RelatedPosts on FintechZoom

SMA20 is now +1.60%, So is Tesla a good stock to buy?

Analyzing the Risk and Benefits of Investing in AMD Stock

Why Moderna Stock Rose 7.5% After Respiratory Vaccine Results

Explosive Stock Gains in Streaming Stock Market: Is Investing Worth It?

Tesla Stock price trying to break 123USD and Dow (INDEXDJX: .DJI) at +0.33%

Bank Stocks Performance Past 5 Days: JPMORGAN +3.80%, BAC +1.37%, WFC +3.49%, Citigroup +2.42% and US Bank +2.42%

Wall Street’s major indexes have been swinging wildly since Nov. 26 as investors digested news of the COVID-19 Omicron variant and then Federal Reserve Chair Jerome Powell’s hawkish comments last week about a speedier tapering of government bond-buying to tackle surging inflation.

“If today’s strength in the blue-chips can sort of sustain itself, that might give the rest of the market the ability to start to feel confident,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.

Still, Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of Omicron. Investors had also been bracing for a potential hit to corporate earnings, particularly among retailers, restaurants and travel companies. read more

Strong gainers on the S&P 500 were travel related with Norwegian Cruise Line (NCLH.N) climbing along with Airbnb (ABNB.O) while the S&P Airline’s index (.SPCOMAIR) soared.

Big decliners included COVID-19 vaccine makers such as Moderna Inc and Pfizer (PFE.N) as investors anticipated development of vaccines with protections specific to Omicron could take months.

Nvidia (NVDA.O) was also falling. Investors have been worried about regulatory scrutiny of its deal to buy British chip firm ARM Ltd. read more

Kohl’s Corp (KSS.N) shares jumped after hedge fund Engine Capital LP said it was pushing the department-store chain to consider a sale of the company or separate its e-commerce division to improve its lagging stock price. read more

JJ Kinahan, chief market strategist at TD Ameritrade, said investors may be preparing for a Dec. 17 expiration of options and futures.

“You have a lot of firms that have a double mandate right now. You are trying to take off risk, expiration related, while the same time rebalancing your portfolio heading into 2022,” he said.

Register now for FREE unlimited access to Reuters.com

Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Alden Bentley and Sinéad Carew in New York, Editing by Maju Samuel, Shounak Dasgupta and Cynthia Osterman

Our Standards: The Thomson Reuters Trust Principles.

Stock Market, Latest News on C N N.

Tags: AMERSBLRCOVIDDow JonesGENHEAHUMDISINFDISMEDSTMKTREPNAMERNasdaqNEWS1repSTXUSWall Street
Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

Related Posts

Tesla giga berlin model y | FintechZoom

SMA20 is now +1.60%, So is Tesla a good stock to buy?

January 19, 2023
AMD Ryzen board | FintechZoom

Analyzing the Risk and Benefits of Investing in AMD Stock

January 18, 2023

Why Moderna Stock Rose 7.5% After Respiratory Vaccine Results

January 18, 2023

Explosive Stock Gains in Streaming Stock Market: Is Investing Worth It?

January 18, 2023

Tesla Stock price trying to break 123USD and Dow (INDEXDJX: .DJI) at +0.33%

January 17, 2023

Bank Stocks Performance Past 5 Days: JPMORGAN +3.80%, BAC +1.37%, WFC +3.49%, Citigroup +2.42% and US Bank +2.42%

January 16, 2023

EV Stocks Performance in the Past Five Days: Xpeng -3.66%, Nio +10.59%, BYD +3.95%, ChargePoint +29.13%, Nikola +1.59% and GM -0.19%

January 16, 2023

New York markets reached highest levels in a month: S&P 500 3,999 points, INDEXDJX: .DJI 34,302 points

January 13, 2023

How a 47% YOY Q4 Production Rise Gave Tesla Stock an 8.8% Boost

January 11, 2023
Next Post
Finexio Completes $10M Over-Subscribed Funding Round to Grow ‘Payments-as-a-Service’ for Financial Institutions and Procurement Software Platforms

Finexio Completes $10M Over-Subscribed Funding Round to Grow 'Payments-as-a-Service' for Financial Institutions and Procurement Software Platforms

Dow Today – Dow Hits Record High on Cyclical Boost Ahead of Fed Minutes; Tech Falls – Latest Tweet by Reuters

Dow Today - Dow Hits Record High on Cyclical Boost Ahead of Fed Minutes; Tech Falls - Latest Tweet by Reuters

Mexican president, ex-Labour leader Corbyn trade plaudits at news conference

Mexican president, ex-Labour leader Corbyn trade plaudits at news conference

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Careers
  • Loans
Call us: + 1 917 9939840

© 2020 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • ABOUT US
    • Why Fintech Zoom?
    • Fintech Zoom Logo
    • FintechZoom PRO
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow

© 2020 FINTECH ZOOM - WORLD FINANCE