Wall Street got 2022 off to a solid start Monday with more record highs for the Standard & Poor's 500 and the Dow Jones industrial average.
Wall Street got 2022 off to a solid start Monday with more record highs for the Standard & Poor’s 500 index and the Dow Jones industrial average.
Tesla jumped 13.5% for the biggest gain in the S&P 500 after after reporting strong delivery numbers for 2021.Column: ‘Winnie-the-Pooh’ is now in the public domain, a reminder that our copyright system is absurd The market’s solid start to 2022 follows another banner year for stocks on Wall Street. The S&P 500 closed out 2021 with a gain of 26.9%, or a total return of 28.7%, including dividends. That’s nearly as much as the benchmark index gained in 2019.
The S&P 500 rose 30.38 points to 4,796.56. The Dow gained 246.76 points to 36,585.06. The Nasdaq rose 187.83 points to 15,832.80.The major challenges to the economy and corporate profits that investors navigated in 2021 remain potential head winds in the new year, including the COVID-19 pandemic. Wall Street has been busy since December monitoring the latest wave of cases with the Omicron variant.
“Despite all of this growth in Omicron virus, the S&P hasn’t been derailed, with the exception of the day after Thanksgiving, when the news first broke,” Frederick said.
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