US stocks rise as investors assess economic data and easing Omicron risks ahead of Christmas



The images are by Johannes Eisele.

US stocks rose for a third day in a row as investors headed into the Christmas break, with weekly jobless claims holding steady in the face of the spread of the Omicron variant.
The major equity indexes were on the rise after the release of a large amount of economic data. Novavax shares rose after the company said its vaccine can protect against the new variant.
Orders for durable goods rose 2.5%, ahead of expectations of a 1.8% increase, and the unemployment rate was largely unchanged from last week at 205,000.
The trend in claims is very low and still falling because of rising demand. Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote in a note that firms are reluctant to let staff go in a tight labor market unless they have no other choice.
The US indexes stood at 9:30 a.m. on Thursday.

The preferred measure of inflation rose more than expected. The core PCE price index increased over the past year. The monthly rise of 0.4% was higher than expected.

There are still a few more shares to be sold by Musk, but he has sold more than 15 billion of them.

Chamath Palihapitiya's four blockbuster SPAC mergers have fallen in value this year.
Oil prices went up. The price of West Texas Intermediate crude moved up. The international benchmark of crude oil was up.

The price of gold was $1,804.75 per ounce. The 10-year yield increased.
There was a 0.7% fall in the price of the digital currency.

Business Insider has an original article.