Wall Street closes red, but celebrates a positive year. S&P 500 shoots 27% in 2021 – Stock Exchange


Wall Street is celebrating another year of gains. The main North American squares had one last session in the red, but closed 2021 higher for the third consecutive year, ignoring the impact of the pandemic on the economy. Strong business results and the expansionary monetary policy of the US Federal Reserve boosted equities, which set successive records throughout the year.

“In 2021, Americans lead gains again, with valuations above 25%. If we consider the exchange rate effect, gains can be increased by 10 percentage points”, underlines Carlos Almeida, head of investments at Banco Best, in statements to Negócios.

In the last session of the year, the S&P 500 gave 0.26% to 4.766,18 points, still accumulating an annual gain of 26,89%. The Dow Jones closed the year with an increase of 18.73%, despite having retreated 0.16% on the last day to 36,338.30 points. The Nasdaq technology lost 0.61% to 15.644,97 points in the session and 21,39% no anus.

“In fact, 2021 is the third year in a row that the S&P 500 has posted double-digit gains. In historical terms, since the index is part of the 500 largest US companies, this will be the fourth time the index has accumulated double-digit gains in three or more Previously, it had occurred in the following periods: between 1963-1965 (3 years); between 1995-1999 (five years) and between 2012-2014 (three years)”, explains Carlos Almeida.

Not only the S&P 500, but all three major indices posted monthly, quarterly and annual gains, closing the biggest rise in three years since 1999. European companies, which nevertheless also registered valuations in the order of 20%.

“While in 2020 American markets stood out for double-digit gains, this year, European equity markets were able to compete with the main US equity indices”, adds Banco Best’s head of investments.

For the first time in a decade, Wall Street does not close in New Year observance. The session was completed this Friday and on Monday the bags return normally.

Usually, there is no trading on the New York Stock Exchange on the first Monday of the year if the first day of the year is a weekend. However, in 2022 the exchange decided not to. The last time it happened was in 2010 and since 1928 it has only happened 13 times.


Source: Jornal de Negócios by www.jornaldenegocios.pt.

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