Ultimate magazine theme for WordPress.
BTC
$28,656.68
-1.05%
ETH
$1,729.00
-1.29%
LTC
$61.74
-0.39%
DASH
$54.46
-2.98%
XMR
$178.37
-2.74%
NXT
$0.00
-1.05%
ETC
$22.47
+0.77%
DOGE
$0.08
+5.01%
ZEC
$85.33
+1.21%
BTS
$0.01
-0.67%
DGB
$0.01
+0.29%
XRP
$0.38
-1.97%
BTCD
$49.96
+0.01%
PPC
$0.35
-5.36%
CRAIG
$0.01
-1.05%
XBS
$1.68
-0.99%
XPY
$0.00
-1.29%
PRC
$0.00
0%
YBC
$767.43
0%
DANK
$0.01
-1.05%

Stock market news live updates: December 30, 2021

US stocks rose higher on Thursday after the S&P 500 and Dow each extended a rally to close at all-time highs amid a low-trad last week of 2021 on Wall Street.

The Dow, S&P and Nasdaq all wanted to build on past gains.

The economic and earnings calendars remain light for the last two trading days of the year, although investors turned their attention on Thursday morning to new data from Washington on weekly unemployment claims.

The Department of Labor has released its latest report on the first and ongoing unemployment claims. Initial jobless claims fell further than last week’s reading to reach 198,000 – below the projected 206,000. Earlier in December, unemployment claims fell to 188,000, the lowest level since 1969.

In a regulatory filing on Thursday, Samsung BioLogics denied previous reports that the Samsung Group was in talks to buy US drugmaker Biogen Inc. (BIIB), which was in the spotlight Wednesday after the drugmaker’s shares rose during intraday trading following a report by the Korea Economic Daily, which quoted investment banking sources. According to the report, Biogen has approached Samsung to buy its shares in a deal valued at more than $42 billion.

Shares of Biogen closed 9.46% higher to $258.31 per share.

Despite a good week for markets, airline stocks continued to falter amid further flight disruptions caused by increasing COVID-19 cases and winter weather. Delta Air Lines (DAL) reported cancellations of an additional 250 flights on Wednesday after thousands of major airlines canceled and delayed flights over the Christmas weekend.

Delta closed Wednesday’s trading session down -1.19% to $39.16 and American Airlines (AAL) closed 2.64% to $18.05 a share. United Airlines (UAL) saw the session end 1.86% lower at $44.3,

“It’s a controlled meltdown, so to speak,” Mike Boyd, president of Boyd Group International, told Yahoo Finance. Airlines “pretty much know in advance where they’re going to fall short, and then they have to adapt.”

Story continues

Markets continue to weigh in on the rising COVID-19 case, which hit a global record earlier this week. Infections from the highly transmissible Omicron variant — which spread 70 times faster than previous strains — included many of the newly tracked positive tests, although studies indicate disease caused by the strain is less likely to be severe or lead to hospitalizations.

December was a volatile month for investors weighing the impact of the tension on the economy, but recent developments suggesting that Omicron could cause milder illness helped markets shrug off previous concerns.

“Perversely, bad news about Omicron could be good news for markets as it gives the Fed the impetus to continue with this very accommodative monetary policy,” Octavio Marenzi, chief executive officer of Opimas LLC told Yahoo Finance Live. “Too much good news for the real economy can actually be very bad for the markets.”

12:39 pm ET: Markets Continue to Grow During Lightly Traded Week

Here are the main moves in the markets as of 12:39pm ET:

S&P500 (^ GSPC): +6.08 (+0.13%) to 4,799.14

dow (^DJI): +9.20 (+0.03%) to 36,497.83

Nasdaq (^IXIC): +86.10 (+0.55%) to 15,852.32

rough (CL=F): +$0.33 (+0.43%) to $76.89 per barrel

Gold (GC=F): +$8.50 (+0.47%) to $1,814.30 per ounce

10-year treasury (^TNX): -2.1 bps for a yield of 1.5220%

12:20 p.m. ET: JetBlue axes 1280 January flights

JetBlue Airways Corp (JBLU) is expected to cancel 1,280 flights, shortening the schedule due to an increase in staff sick with COVID-19. The company’s shares traded at $14.43 each during the afternoon session, up a modest 0.31%.

The airline allows customers with any type of ticket to change or cancel their trip up to and including January. JetBlue, which was expected to fly 6,204 flights and offer nearly a million seats in January before the cuts, will now see fewer flights in the first month of 2022 than in December, with 5,538 flights and 832,942 seats planned.

Airline stocks took a beating all week with increasing flight disruptions caused by mounting COVID-19 cases and winter weather.

“It’s a controlled meltdown, so to speak,” Mike Boyd, president of Boyd Group International, told Yahoo Finance. Airlines “pretty much know in advance where they’re going to fall short, and then they have to adapt.”

9:31 a.m. ET: Stocks move forward to boost profit

These were the main moves in open markets:

S&P500 (^ GSPC): +5.93 (+0.12%) to 4,798.99

dow (^DJI): +103.36 (+0.28%) to 36,591.99

Nasdaq (^IXIC): -8.96 (-0.06%) to 15.757.26

rough (CL=F): +$0.23 (+0.30%) to $76.79 per barrel

Gold (GC=F): -$2.50 (-0.14%) to $1,803.30 per ounce

10-year treasury (^TNX): -1.6 fps to yield 1.5270%

8:50 a.m. ET: Tesla launches recalls for Model 3 and Model S cars

Tesla Inc (TSLA) has recalled more than 475,000 Model 3 and Model S electric vehicles, according to the US National Highway Traffic Safety Administration (NHTSA).

The recall was attributed to two safety-related issues, including issues with the trunk of the vehicles and for Model 3s, rear-view cameras fitted to these units may fail.

Shares of Tesla fell a whopping 2.2% in Wednesday’s trading after CEO Elon Musk sold another $1 billion in company shares.

8:30 a.m. ET: Unemployment Claims Hover Around Pre-pandemic Lows

The Department of Labor has released its latest report on the first and ongoing unemployment claims. Initial jobless claims fell further than last week’s reading to reach 198,000 – below the projected 206,000. Earlier in December, unemployment claims fell to 188,000, the lowest level since 1969.

Ongoing claims for the week ended December 18 came in at 1.716 million, also ahead of expectations of 1.875 million and lower than the previous week.

7:10am ET: Futures remain muted ahead of trading day

S&P 500 futures (ES = F): +8.50 points (+0.15%), up to 4,793.00

Dow futures (YM=F): +50.00 (+0.14%), up to 36,431.00

Nasdaq futures (NQ = F): +0.39 points (+0.24%) to 16,529

6:01 PM Wednesday ET: Contracts on the S&P, Dow and Nasdaq open sideways

S&P 500 futures (ES = F): +0.50 points (+0.01%), up to 4,785.00

Dow futures (YM=F): +3.00 (+0.01%), up to 36,384.00

Nasdaq futures (NQ = F): -0.25 points (0.00% to 16,490.25

Alexandra Semenova is a reporter for Yahoo Finance. Follow her on Twitter @alexandraandnyc

Read the latest financial and business news from Yahoo Finance

Follow Yahoo Finance on Twitter, Instagram, YouTube, facebook, flip board, and LinkedIn

Comments are closed.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.

Game situs slot online resmi