Brendan McDermid.
The S&P 500 ended the day at a record high, but then pulled back in the final minutes.
The benchmark just missed out on a 70th record high on Monday as tech stocks fell.
Disney and Walmart helped propel the consumer services companies to a fifth straight win. Apple closed all of its stores in New York City because of the infections. Apple's stock is close to a $3 trillion market cap as the year winds down.
The US indexes were at 4:00 p.m. on Tuesday.
Santa Claus rallies typically run during the last five sessions of the year to the first two sessions of the new year, and the S&P 500 started strong Tuesday. The index lost its steam by midday and then fell just before the close.
The Omicron variant of the coronaviruses appears to be producing milder symptoms in patients than the previous iteration of coronaviruses. The Centers for Disease Control and Prevention said that Omicron accounts for less than previously thought. The Omicron cases are up by 23%.
The early analysis suggests Omicron's symptoms may be less severe than Delta's and the CDC has recommended a shorter isolation time.
"We still see a strong economy and positive corporate profit growth heading into 2022," he said.
According to Wedbush, China remains a growth "linchpin" and the opening of new Gigafactories will double production capacity.
Ark's flagship fund has seen its worst return since it was founded, and that soured the prediction of a 20% gain by Cathie Wood.
The NFT market has a collection of "Cryptobatz" by rock legend Ostrosky.
Oil prices went up. The price of West Texas Intermediate crude increased by 0.9%. The international benchmark gained 0.8%.
The yellow metal fell to $1,807.80 per ounce. The yield rose less than 1 basis point.
It fell 6.8% to $47,553.
Business Insider has an original article.
