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S&P 500 Sets a New All-Time High in Early Holiday Week Trading -Breaking

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© Reuters.

By Daniel Shvartsman

Investing.com: The U.S. stock market started the final week of 2021 trading as usual, in line with most of the year’s trading. Indicators went up.

It reached an all-time high of 4750 in early trading. At 10:08 ET (1508 GMT), the index had risen to 4757. This was a.64% increase on the previous day. While the was up by.8%, the laggards were only at gains of.33%. Down.25% was the leading index for small-caps, called the.

The holiday week is characterized by low trading volume and few market movements events. However, there are some good news stories about the Covid-19 pandemic. Investors have been content with Omicron’s reported lower severity, despite the fact that there are a lot of cases in the U.S. and elsewhere. This is a signal that it will be difficult to impose severe restrictions on the economy or consumer behavior.

Airlines like Delta Airlines (NYSE :), United Airlines Holdings Inc NASDAQ 🙂 and American Airlines are down more than 2% on the news about cancellations. Meanwhile, cruise lines have been trading lower due to reports that Covid-19 was spreading on some ships. Royal Caribbean (NYSE) and Carnival Corporation (NYSE) Norwegian Cruise Line Holdings Ltd (NYSE:) Trading in Sympathy.

A few small-cap stocks within the medical sector have been showing signs of either feasting or famine: Microbot Medical (NASDAQ) has nearly doubled its news value We will cooperate with Stryker (NYSE)’s Neurovascular Unit to Combine its Neurovascular Instruments with Microbot’s LIBERTY Robotic Systems to Create what they called “the first robotic procedural kit dedicated to neurovascular procedures in the world”. BridgeBio Pharma (NASDAQ) is now down more than 70% after the Phase 3 trial did not reach its primary goal.

After a sell-off in pre-market trading, the price rose.14%. There were concerns that cancellations of travel might slow down the recovery of demand for oil. Early morning trading saw them rise 1.1%

Session highs are now possible, currently up 3.4% to $51,500. The cryptocurrency leader of the day is up more than 9%, and is up 1.4%.

The top stocks doing well Monday trading are Tesla (NASDAQ) (+2.8%) and Nvidia (NASDAQ) (3.4%). Advanced Micro Devices Inc is (NASDAQ) (3.3%). Rivian Automobile Inc (NASDAQ) (6.8%), Upstart (NASDAQ) (5.6%). Losers include Boeing (NYSE) (-1.4%) and Lucid Group Inc. (NASDAQ::) (-1.8%), Novavax (NASDAQ:) (-7.2%).

To round out 2021 as well, Meme stocks will be back in the limelight. GameStop Corp After Ascendiant Capital took over the videogame retailer, (NYSE:) fell 3.4% and its price target was lowered. AMC Entertainment Holdings Inc is trading down 2.3% despite news that the Spiderman film has crossed the $1B mark at the box office, which was the first movie since the outbreak of the pandemic.

News Corp A (NASDAQ:) is up 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 As part of the merger between these two companies, (NYSE:).

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