The Dow Jones gained 0.68%, the S & P-500 0.64% and the Nasdaq 1.20%. Apple reaches $ 3 trillion in capitalization. Tesla is making progress with record deliveries.


by Caroline Valetkevitch

NEW YORK, Jan. 3 (Reuters) – The New York Stock Exchange ended its first session of 2022 higher on Monday, with investors cheering on the performance of Apple and Tesla, as their fears over the Omicron variant of the coronavirus continue to mount calm down.

The Dow Jones index gained 0.68%, or 246.76 points, to 36,585.06 points.

The larger S & P-500 took 30.38 points, or 0.64%, to 4,796.56 points.

The Nasdaq Composite, for its part, advanced 187.83 points (1.20%) to 15,832.80 points.

Apple on Monday became the first company to reach the symbolic mark of $ 3 trillion (2.655 billion euros) in market capitalization.

Tesla advanced after Sunday’s announcement of record vehicle deliveries for the last three months of 2021 despite the global semiconductor shortage.

“They are the two biggest contributors to the rise of S&P,” said Paul Nolte, portfolio manager at Kingsview Investment Management.

Analysts also said that the ebb in investor fears about the Omicron variant of the coronavirus was also affecting market performance.

“The real news is that people are under the impression that this latest wave of COVID-19 is not going to be economically debilitating, as many restrictions and closures are going to be necessary,” said Stephen Massocca, vice – senior chairman at Wedbush Securities in San Francisco.

The energy and finance sectors are also part of the good performances of the day.

At stocks, in addition to Apple and Tesla, Wells Fargo was up after Barclays raised its recommendation to “overweight”.

(with Bansari Mayur Kamdar, Shashank Nayar and Medha Singh in Bangalore; French version Camille Raynaud)




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