Wall Steet shares on plus on the first trading day of the year: “Beginning of the new school year”

New York

The main US stock market indices rose on Monday, the first trading day of 2022.

Apple the stock rose 2.5 percent and the company’s market capitalization exceeded nearly $ 3 trillion.

“Today is like the beginning of a new school year,” the finance company said LPL Financialin strategy Scott Brown tells The Wall Street Journal.

Despite Apple’s rapid rise in price, investors remain cautious in their investments due to the interest rate pandemic.

Inflation picked up the fastest in 39 years in November, scaring investors. The spread of the coronavirus omicron variant exacerbates supply chain disruptions and raises price pressures.

“Next year will be a little more whimsical than 2021. We still have three big issues to address: the spread of the micro-variant, inflation and supply chain disruptions,” says Investment Manager. Esty Dwek FlowBankcommented to The Wall Street Journal.

Shares in the energy sector were in good shape, while shares in the healthcare sector fell.

Shares in technology companies rose handsomely. About chip makers Advanced Micro Devicen the share price rose 4.4 percent and Nvidian the share rose 2.4 percent.

Electric car manufacturer Teslan the share price rose 13.5 percent from the company’s reported higher-than-expected car delivery figures in the fourth quarter of 2021. .

Pharmaceutical company Modern the share price fell 7.5 percent as the equity variant continued to spread rapidly around the world.

The euro weakened against the US dollar after stock markets closed. The 10-year rate on U.S. government debt rose 1.66 percent after the stock markets closed.

The Dow Jones index rose 0.7 percent, the S&P 500 index rose 0.6 percent and the Nasdaq index fell 1.2 percent.

Source: Arvopaperi by www.arvopaperi.fi.

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