Stock Groups

S&P 500 Closes at All-Time High on Quiet Pre-Holiday Trading, Omicron Optimism -Breaking

by Mike Robinson

[ad_1]

© Reuters.

By Daniel Shvartsman

Investing.com: The close was at an all time high. It just missed its intraday record high. Other leading U.S. indexes were higher as a result of holiday trading volume and less optimism about the Omicron Covid-19 variation. This allowed for the “Santa rally”, a phenomenon that can be attributed to low trading volumes.

The S&P 500 ended the day fading from session highs, up .62% to 4725.74. Up 197 points, the closed at 35951, a gain of.55%. However, the once again outdid its peers and finished the day with a record.84% at 155653

Tesla (NASDAQ.) rose nearly 6 percent as investors shrugged at CEO Elon Musk’s ongoing share sales. The electric vehicle market was buzzing, with Nikola up 18%, Luminar up 5% and Nio up 2% at the end of each day.

As investors soaked in Micron Technologies (NASDAQ) Technologies’s positive report, this week, the stock reached an all-time high of 4.5%. Semiconductors, as a whole, continued to grow with the iShares Semiconductor ETF NASDAQ: up 1%.

For the week, the S&P 500 finished up 2.3% (4620.64), while the Dow finished up 1.65%  35365.44 and the Nasdaq finished up 3.2%.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]