Scott Heins is a photographer.
The week's rally resumed on the back of easing concerns that the Omicron strain of coronaviruses would have a significant impact on the global economy.
The S&P 500 finished near a record high after Wall Street pulled back earlier in the session. The last record closing peak was set on November 18.
Pfizer and its partner BioNTech announced that preliminary lab data show three doses of their COVID vaccine are effective at neutralizing the Omicron strain.
Small caps are the key strength in the market today after a poor performance by large caps. Rob Haworth, senior investment strategist at U.S. Bank Wealth Management, told Insider that a rebound could reflect confidence in the economy reopening and moving past recent coronaviruses.
Tuesday's rally of 3% was added to by the Nasdaq.
The US indexes were at 4:00 p.m. on Wednesday.
Chris Beauchamp, chief market analyst at IG, said in a note early Wednesday that the outlook for global equities is positive.
David Solomon doesn't think that stocks will keep delivering the returns investors have enjoyed.
First Trust filed for an exchange-traded fund.
Oil prices went up. The price of West Texas Intermediate crude increased by 0.8%. The international benchmark gained 0.6%.
The price of gold increased to $1,786.81 per ounce. The 10-year yield increased.
The loss narrowed to 0.2.
Business Insider has an original article.
