Better-than-expected corporate earnings growth helped fuel the market’s rise this year and kept the indexes climbing to new highs.
A wobbly day of trading on Wall Street ended with most stock indexes managing slight gains, enough for the S&P 500 and Dow to score all-time highs.
The benchmark S&P 500 index, which also set record highs Monday and last Thursday, has now posted 70 record highs for the year. In the post-World War II era, that’s the most new highs for the index since the 77 it set in 1954. The Dow last set a record high in early November. “As we finish out this quarter, earnings expectations by analysts have been ticking slightly higher for 2021,” he said. “That’s part and parcel of what’s driven so many all-time highs. Things were much better than anticipated as we moved through the whole year.”As the variant spreads, businesses across California are rethinking return-to-office timelines and scrambling to cope with lost productivity.
“What the market is still trying to sort out is what is the impact of the rise in Omicron cases here in the U.S.,” Haworth said.Calls are rising for airlines to require vaccination proof for domestic passengers. Airlines aren’t happy about the idea.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific Stocks Mixed; S&P 500 and Dow Close at Record HighsThe S&P 500 sailed to its 70th record close of 2021 overnight stateside. The Dow Jones Industrial Average also notched a record close.
Read more »
Dow, S&P 500 close at all-time highsU.S. stocks closed in record territory on Wednesday despite lingering worries about the coronavirus' omicron variant.
Read more »
S&P 500 posts 70th record close, Dow rises for sixth straight dayU.S. stocks rose Wednesday with the S&P 500 posting its 70th record close of the year. The Dow was up 0.25%. The S&P 500 rose 0.14%. The Nasdaq fell 0.10%.
Read more »
Dow notches 5-day winning streak, S&P 500 dips from record as investors weigh omicronU.S. stocks were mixed Tuesday as the major stock indexes looked to build on record highs in the final week of the year. The Dow rose 0.27%. The S&P 500 was down 0.10%. The Nasdaq lost 0.56%.
Read more »
Stocks end mixed, breaking 4-day winning streak for S&P 500Stocks closed mixed on Wall Street Tuesday, leaving the S&P 500 just shy of its latest record high set a day earlier
Read more »
US Treasury yields poke monthly top, S&P 500 Futures remain sluggish amid mixed sentimentUS Treasury yields poke monthly top, S&P 500 Futures remain sluggish amid mixed sentiment By anilpanchal7 RiskAppetite Bonds Equities Fed Coronavirus
Read more »