Andrew Burton is a photographer.
The S&P 500 closed at a record high before the Christmas break after investors were reassured by a large amount of economic data that included weekly jobless claims holding steady as the Omicron variant spreads.
The stock market has gained for three straight days. Industrials led 10 of the 11 sectors tracked on the S&P 500 and nearly all of the members of the Dow Jones Industrial Average ended higher. The world's largest economy will be able to avoid mass shutdowns because of the new Omicron strain of coronaviruses, which has caused a sell-off in stocks.
The number of new coronavirus cases in the US has risen by over 50% over the last week.
Although the Omicron variant is highly transmissible, we believe that the market impact will continue to be modest, and even positive if it acts as a sort of "stealth vax" by providing antibodies at very low cost.
In the UK and South Africa, hospitalizations and mortality have not changed. Markets will likely look through this increase in cases, if there is no restrictions that impede economic activity.
The US indexes were at 4:00 p.m. on Thursday.
The Commerce Department said consumer spending rose by 0.6% in November, but that was slower than October's growth rate.
The preferred measure of inflation rose more than expected. The core PCE price index rose in November, higher than expected. The 12-month inflation rate was above expectations.
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.
For the first time, the Bored Ape Yacht Club collection of NFTs topped the other side of the coin.
Oil prices went up. The price of West Texas Intermediate crude moved up. The international benchmark of crude oil climbed 2%.
The price of gold was $1,810.10 per ounce. The 10-year yield went up.
The price of the digital currency increased by 4% to $51,046.17.
Business Insider has an original article.
