The floor of the New York Stock Exchange is being worked on by traders.
Wall Street was expected to start off the new year on solid footing, as stock futures rose on Sunday evening.
The futures tied to the Industrial Average rose. The S&P 500 and the Nasdaq 100 both gained.
Markets closed out a strong 2021. The S&P 500 rose 27% for the year, with the other two major stock markets also posting large returns. The S&P 500 fell on Friday, but still was positive for the last week of the year.
There is continued uncertainty around the Covid-19 pandemic. The rise of the omicron variant has led to thousands of flight cancellation during the holiday season and has led some businesses and schools to consider temporarily closing. Several major Wall Street banks have asked their employees to work from home in the first few weeks of January.
The guidelines for isolating people who have tested positive for Covid may soon be updated to include a recommendation for testing, according to Dr. Anthony Fauci.
The Federal Reserve is expected to hike rates multiple times in the coming year in order to cool the rise in prices for consumers.
The market story will be a return to normal for 2022, just as it is for the economy as a whole. The economy will be normal as businesses hire and spend. The government is following the same policies. The overarching theme of the picture is that in 2022, we will return to something like normal, according to a note to clients on Friday.
The market could get a boost on Monday. The electric vehicle company delivered more than 300,000 vehicles in the fourth quarter.
There will be a lot of economic data in the first week of the year, with the December jobs report due on Friday. On Monday, investors will be updated on manufacturing activity and construction spending.
