S&P 500 surges to 69th record close of 2021 as Santa rally powers US stocks



In the last few weeks, investors have become more cautious about US stocks.

The images are by Johannes Eisele.

The S&P 500 closed at a new record on Monday, even as the Omicron coronaviruses weighed on travel-related sectors.

The Santa Claus rally picked up steam after last week's success. After opening modestly higher, the top indexes added to their gains.
The S&P 500 is up 27% for the year. For the year of 2021, the indexes are up 23% and 18%, respectively, off their November highs.
The US indexes stood at 4 pm. The close is Monday.

The experts gave us their investing outlooks for 2022, from high-conviction altcoin picks to what's next for regulation.

Despite a resurgence in coronaviruses cases, investors have become less concerned about the Omicron variant's effect on the economy as its symptoms seem less severe than Delta's.

Airlines canceled thousands of additional flights due to staffing shortages caused by the winter weather and the virus. Cruise line stocks fell with the recent outbreak on ships. Travel-booking sites and casino stocks sold off as well.

Meta stock climbed more than 3% as the company's virtual reality app was the most popular download on Apple's App Store on Christmas.
The analysts at JP Morgan said the time is right for investors to take on more risk because of the narrow group of stocks driving the S&P 500's record run.
Virtual fashion will be a hot topic in Decentraland's first fashion week in March.

The Wall Street Journal reported that activist investor Starboard Value has taken a 6.5% stake in the web-hosting company.

The Financial Times reported that Moderna is facing a shareholder proposal to explain its high prices and share its vaccine technology with poorer countries.

Didi Global dropped 5% as China banned insiders from selling stock.

West Texas Intermediate crude oil rebounded from earlier losses to reach $75.52 per barrel. The international benchmark for crude oil rose by 3% to $78.53 per barrel.

The price of gold dipped to $1,809.320 per ounce, while the price of the virtual currency climbed to $51,528. The yield on the 10-year Treasury fell.

Business Insider has an original article.