New high for the S & P-500 index on Wall Street


Wall Street

New high for the S & P-500 index on Wall Street | Photo credits: Donald R. Swartz / Shutterstock.com

PARIS, December 28 (Reuters) – The New York Stock Exchange moved up slightly on Tuesday at the opening, allowing the Standard & Poor’s 500 to clinch a new record, amid cautious optimism about the economic consequences of the Omicron variant .

In early trading, the Dow Jones index gained 140.09 points, or 0.39%, to 36,442.47 points and the S & P-500 rose 0.20% to 4,800.57 points.

The Nasdaq Composite is stable at 15,872,965.

The latter and the S & P-500 on Monday signed their best four-day streak of gains since November 2020. The optimistic outlook for the US economy has helped investors brush aside thousands of flight cancellations and the shutdown by Apple of its New York stores due to the increase in COVID-19 cases.

Studies suggesting that Omicron causes milder symptoms than previous strains of the coronavirus as well as the latest recommendations from the Centers for Disease Control and Prevention (CDC) to reduce the length of isolation for asymptomatic people from ten to five days also supported the Wall Street indices.

The aircraft manufacturer Boeing signs the strongest growth in the Dow Jones with a gain of 1.90% after Indonesia lifted the ban on the flight of the 737 MAX, three years after the crash of a plane of the local company Lion Air.

(Laetitia Volga, edited by Sophie Louet)





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