As known from:
CoinWireICOBenchCoinCodex
Write a Review
Write a Review
Nothing Found
Contains commercial content
TradersBest.com / Santa Claus Rally Boosts US Markets

Santa Claus Rally Boosts US Markets

Publish Date: 29/12/2021

The so-called ‘Santa Claus rally’ of trading in the week between Christmas and New Year once again boosted US markets. Stocks in sectors like energy and tech were among the big-hitters as the S&P 500, Dow Jones Industrial Average and tech-heavy Nasdaq Composite showed strong gains. All of which will round off a hugely successful year on the markets ahead of what could be a more uncertain 2022.

At the close of Tuesday’s trading, the S&P 500 had risen by 1.38%, the Nasdaq Composite made gains of 1.39%, and the Dow enjoyed a 350-point jump. It marked the second successive time in which the S&P had broken its previous record.

Apple was one of the major beneficiaries of this upward trend to close 2.3% higher with a stock price of $180.33. This brought the market cap of the tech giant up to $2.96 trillion, taking it achingly close to the $3 trillion benchmark.

Other big achievers included Crude oil that saw a 2.57% rise to hit $75.69 a barrel while Tesla enjoyed a remarkable jump in value of 3.52%. Another electric vehicle manufacturer – Rivian – was up by 5.73% in a fantastic day on the markets.

The final week of the year has long been dubbed the Santa Claus Rally as it has seen the value of stocks rising more often than not. In the last 92 years, the S&P 500 has enjoyed a rally 77% of the time during this period, and it produces an average gain of 2.66% over the seven-day period.

How long will the US economic rebound last?

The fact that the S&P 500 has gained more than a quarter in 2021 shows that the US economic recovery after the ravages of the Covid pandemic is well underway. With a rise in corporate earnings and minimal interest rates, the economic data suggests that things are progressing well.

However, many analysts point towards 2022 as being a much tougher year. The Federal Reserve is expected to raise interest rates three times next year in a bid to stave off skyrocketing inflation rates. Major price rises have been witnessed across the US in areas such as energy and rent.

Much will clearly depend on how the emergent Omicron variant of the virus plays out. It has already had a damaging impact on the travel industry with a huge number of flights across the US being cancelled over the festive period. As such, stocks in airlines were hard hit with Delta Airlines losing 0.98% and United Airlines stock falling by 0.89%.

However, there is real hope that the new mutation of the virus could be less severe than previous strains of Covid. All of which could provide a silver lining to what had been looking like another difficult year for the US economy.

Read Also
S&P 500 Enjoys Its Best Month Since 2020
While 2022 has been a gloomy year on the markets, it seems ...
Mixed Market News as Second Quarter Begins
There was mixed news on the markets as Wall Street began its ...
Markets Edgy Ahead of Critical Fed Meeting
This week will be critically important for investors’ fortunes in 2022 as ...
Tech Stocks Hardest Hit By Fed Meeting
US tech stocks were hard hit after the Federal Reserve announced a ...
NASDAQ Reaches 16,000 For The First Time While Dow Drops
The NASDAQ Composite Index closed above 16,000 for the first time last ...
Latest News
Study: how do finances shape our love life?
Do we find someone less attractive if they're ...
Is FTX Bankrupt? 
The crypto market has seen a drastic change ...
Disney Shares Jump 6% After Positive Earnings Report
A booming subscriber base and the return of ...
Alibaba Posts Flat Revenue Growth But Stock Still Jumps 6%
Chinese ecommerce giant Alibaba posted its first earnings ...
Intel Stock Slumps Over 8% Following Weak Earnings Report
Chip-maker Intel suffered a disastrous end to last ...
Top Forex Sites
Ally Invest
Ally Invest
Ally Invest Review
4.8/5
Webull
Webull
Webull Review
4.6/5
Kraken
Kraken
Kraken Review
4.3/5
Nadex
Nadex Review
3.6/5
Interactive Brokers
Interactive Brokers Review
4.8/5
Receive the latest trading news by email + our free eBook
Crypto eBook EN
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site