Dow Jones record, jobless claims reassure

PARIS, December 30 (Reuters) – The New York Stock Exchange rose on Thursday in early currencies with a key record for the Dow Jones, as the surprise drop in weekly jobless claims bolstered investor confidence in the US economy despite the new wave of the COVID-19 pandemic.

A few minutes after the opening, the Dow Jones index gained 0.44% 36,648.32 points after a historic high 36,679.44 and the S & P-500 rose by 0.2% 4,802.46 points.

The Nasdaq Composite takes 0.11%, or 17.939 points, 15,784,155.

Index futures sharply accelerated their gains after the Labor Department reported 198,000 jobless claims the week to Dec. 25 from 206,000 the week before when the Reuters consensus gave them up to 208,000.

This statistic has reinforced the confidence of market players in the strength of the economy in the face of the Omicron variant of the coronavirus which, although more contagious than the previous strains, appears to cause fewer severe symptoms of COVID-19 and whose impact on the economy is weak, at least for now.

“The lower severity of Omicron infections and the Centers for Disease Control and Prevention’s recommendations for a shorter quarantine are consistent with our view that the supply chain problems will gradually ease in early 2022” , said Scott Chronert, strategist at Citigroup.

Values, Biogen loses 5.35%, Samsung BioLogics having denied press information that he was in discussions to buy the American laboratory.

The automobile group Tesla cedes 2.64% after the highway safety authority in the United States announced the recall of more than 475,000 Model 3 and Model S for faults that may increase the risk of accident.

* For the values ​​follow, click on (Laetitia Volga, said by Tangi Salan)

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