December 30, 2021
U.S. shares rose in low volumetrading as the slump in tech stocks abated amid speculation the economic recovery can weather the surge in coronavirus cases. Treasuries fell along with the dollar.
TheS&P 500 rose to reach the 70th record close of the year.
The Dow Jones Industrial Average also ended the day at an all-time high, while the Russell 2000, a proxy for the reopening trade, rebounded.
Thetech-heavy Nasdaq 100,also made acomeback, erasing earlier losses.
Omicron fears are easing on growing evidence that the fast-spreading strain leads to milder symptoms, even as worldwide Covid-19 cases roseabove 1 million for a second straight day.
Coronavirus developments along with Fedpolicy tightening and Chinas outlook rank among the key risks for 2022.
OneProSpecial Analyst
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