By Daniel Shvartsman

Investing.com – In a fitting note to start the last week of 2021 trading, two of the year’s top sectors –  energy and tech – took the lead in driving markets to all-time heights, kicking off the famed “Santa rally.”

It closed the day at an all time high of 4791. That’s 1.4% more than the previous day. Additionally, the finished up 1.4% and traded up 352 point, which is a gain of.98%. After a lower open, the index that measures small-cap stocks, known as the, rallied to close at.88%.

The tech sector and the energy sector were the most prominent sectors of trading on the day. Energy: The pre-market sale to was a success. Concerns that travel cancellations could slow down the recovery of oil demand in the short-term faded, and the market recovered. The closing was up 3.4% APA Corporation (NASDAQ:) was the top performer on the S&P 500 on the day, riding the oil tailwind as well as over an agreement with Egypt to finish up 7.3%. Devon Energy Corporation (NYSE 🙂 Diamondback Energy Inc (NASDAQ) stood out with a 6.1% increase and 4.9% respective.

Tech sector shares rose on the back of no news. Semiconductors were the best performer with the iShares Semiconductor eTF (NASDAQ 🙂 rising 2.7%. Advanced Micro Devices Inc. was the top large-cap semiconductor movers, with a gain of 5.6%. But smaller caps, such as Himax Technologies Inc. (+12.75%) or semiconductor equipment producers like Applied Materials Inc. Apple Inc. (NASDAQ) led the Dow with +2.3%. It was just below its market peak of $3T and reached the top of the tech sector. Tesla Inc (NASDAQ) fell from its highs, but ended up 2.5%. Security software provider Fortinet The stock market closed at 5.3% and the networking equipment maker Arista Networks (NYSE:) Finished up 3.5%

The holiday week began with low trading volumes, but limited market movement events. However, the most steady news was around the Covid-19 pandemic. Omicron’s severity has not been reported in America and other countries. Investors are content to look at this as an indicator that the economic environment and consumer behaviour will likely be resisted.

Airlines such as Delta Airlines (NYSE;), United Airlines Holdings Inc. (NASDAQ:), American Airlines (NASDAQ) have reduced their earlier losses due to the cancellations. DAL dropped.76%, UAL fell.65%, and AAL decreased.5%. Boeing Co (NYSE): Closed down.5% Expedia Inc (NASDAQ) was.8% less than expected, possibly due to these worries, but trading in the travel industry was uneven overall.

The day was also a loss for cruise lines, which traded lower on news of ships owned by them Royal Caribbean With (NYSE: ) and Carnival Corporation (NYSE 🙂 -1.3%) Norwegian Cruise Line Holdings Ltd (NYSE:) The issue fell 2.5% 

Beyond this, there are a few small-cap stocks within the medical sector that show the feasting or famine nature the industry. Microbot Medical (NASDAQ) is one such stock. Will collaborate with Stryker (NYSE:) Neurovascular unit will combine Neurobot’s Neurovascular Instruments with Microbot’s LIBERTY Robotic System in order to make what they called the first robotic procedure kit for neurovascular procedures. BridgeBio Pharma (NASDAQ 🙂 closed its doors at 72% following its Phase 3 trial in order to meet its primary objective.

It was nearly 22% higher than its highest, but it is still well above $51,000. The cryptocurrency leader of the day was up 6.4%, while the index was up by.4%.

Ralph Lauren Corp Class B (NYSE:) (4.2%), were other notable stocks that day. Rivian Automobile Inc (NASDAQ) (10.6%), Upstart (NASDAQ) (8%). The losers include Las Vegas Sands Corp (NYSE 🙂 (-1.9%) Shopify Inc (NYSE: ) (-2.7%) Novavax (NASDAQ:) (-11%).

To round out 2021 as well, Meme stocks also made headlines. GameStop Corp (NYSE) closed 2.5% lower after Ascendiant Capital took over the videogame retailer. They also lowered their price target. AMC Entertainment Holdings Inc. (NYSE:), lost some gains and went from red to green. This may be due to the announcement that the Spiderman film has crossed the $1B mark at the box office, which is the first time this happened since before the outbreak of the pandemic. However, these stocks are known to produce their own energy.

News Corp A (NASDAQ:) closed up 1.1% with the market after news it would be buying Base Chemicals, a data publication, from S&P Global Inc (NYSE:) and IHS Markit Ltd (NYSE:) in the process of merging these companies.

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This article was published at 10:30 AM ET. It has been updated at 11:57AM ET at 1:31pm ET at 4pm ET and 4:11pm ET.