Stock Market News Live Updates: S&P 500 Closes At All-Time High Jump-Starting The Santa Claus Rally

Dec 27, 2021

https://liquidity-provider.com/app/uploads/2021/12/dizajn-bez-nazvaniya-2021-12-28t155715.112.png

On Monday, the S&P 500 set a new record.

The index surpassed its previous high for the second trading day in a row, as markets surged ahead of the last week of the year. All three main US indices rose, signaling equity market bulls that the Santa Claus Rally continues.

During the closing bell, the S&P 500 rose 1.38% at 4,791.19, while the Dow was up 350 points to 36,302.38. The Nasdaq Composite rose 1.39% to close at 15,871.26.

Despite a surge in coronavirus instances, the S&P 500 reached an intraday high in early trade, marking its 69th record close of the year.

The year-ending Santa Claus Rally is gaining traction, with equities rising in the last five trading days of 2021, as well as the first two trading sessions of 2022. For unknown reasons, the S&P 500 has risen 77% of the time during the year-ending rally phase for the last 92 years, as Sundial Capital Research statistics show. During these seven days of trading, the typical increase was 2.66%.

Markets will enter 2022 with many significant issues to contemplate, the most important of which will be the spreading of the virus and growing inflation, as well as the Fed's actions in reaction.

"Inflation and the Omicron variant are the two biggest drivers for the financial markets currently," said Francis Oh, APAC CEO of Qraft Technologies. "I believe such triggers are already factored into market volatility... Yet, I believe the market will pull back."

Merck (MRK) obtained approval from the US Food and Drug Administration the previous week for its coronavirus medicine, just a day after Pfizer (PFE) was also licensed for the usage of its medication.

As recent studies showed, molnupiravir, a pill made by Merck in partnership with Ridgeback Biotherapeutics, cut hospitalizations and death levels by roughly 30%. At the same time, Pfizer's drug showed 90% efficacy in decreasing possible death incomes in high-risk patients.

"One of the ways pandemics terminate is when the virus undergoes multiple mutations. It seems that Omicron may be our savior in that aspect, with major mutations that are distinct enough from the parent to prevent individuals from becoming ill as much," True Health Initiative President Dr. David Katz commented.

Shareholders sorted through economic reports before the holiday break.

The Labor Department stated that initial unemployment numbers reached 205,000, following a declining trajectory from their pandemic records and signaling job market tightening as the new year approaches. The most recent statistic pushes the four-week moving average for new claims to its lowest point in 52 years, increasing by 2,750 over a week to 206,250.

Meanwhile, retail prices in the US increased at the steepest pace in almost four decades, as consumers confronted increasing inflation before Christmas.

"Workers have significant bargaining leverage, which is expected to result in continuing pay growth," Girard Chief Investment Officer Timothy Chubb said. "What concerns us from an inflation perspective is the moment at which some of those inflation threats pass the torch to the employment market."

In other news, November's property sales in the US rose by 12.4% to a seven-month peak of 744,000, bolstered by low mortgage rates and surged demand in the property market.

US durable commodities sales increased by 2.5% in the previous month, buoyed by a substantial increase in plane purchases.

"We've been stating that this is absolutely a buy the dip market, as we forecast further income increases," Anik Sen, global head of equities at PineBridge Investments, pointed out. "We feel that the true discussion should be on the duration and severity of the next economic cycle."

Subscribe Our Newsletter

When_To_Purchase_Micron

Milena

When to Purchase Micron Stock Despite Bearish News

Micron stock is falling as a result of the company's gloomy report. However, there are a few safe strategies to be aware of.

Companies
The Destiny Mastercard Outperforms Expectations. Why is The Stock Falling?

Milena

The Destiny Mastercard Outperforms Expectations. However, Why is The Stock Falling?

Destiny Mastercard sees cross-border volume increase by 21%. Here is why stock is down.

Companies
Liquidity Provider

How to Identify Liquidity?
Let's find out how to identify Forex Liquidity, how to identify the liquidity of cryptocurrencies, and how to pick the best LP.

discover
Top 5 Best Crypto Payment Gateways For 2022

Oliver

Top 5 Best Crypto Payment Gateways For 2022

The popularity of cryptocurrency is on the rise as more and more individuals begin to invest in virtual currencies. This market is highly popular due to its youth and incredible potential for early adopters. Additionally, as more people show interest in cryptocurrency investments, the need for exchanges and various crypto services like crypto payment gateways is only growing.

Crypto Payments

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    What Is a Gamma Squeeze, and How to Trade It?

    What Is a Gamma Squeeze?

    Alexander

    Simple and Compound Interest — How Do They Differ?

    Simple and Compound Interest: How Do They Differ?

    Alexander

    How Strong is The US Economy Today?

    How Strong is The US Economy Today?

    Alexander

    How Do Crypto Liquidity Pools Work in 2023-2024?

    How Do Crypto Liquidity Pools Work

    Alexander

    What Is The Wheel Strategy in Trading?

    What Is The Wheel Strategy in Trading?

    Alexander

    How to Choose a Forex Liquidity Provider in 2023?

    How to Choose a Forex Liquidity Provider in 2023?

    Alexander

    5 Best AI ETFs for 2023-2024

    5 Best AI ETFs

    Alexander

    What Is an Investment Priorities Plan?

    Investment Priorities Plan - Definition

    Alexander

    What is a Token Maker? – Creating Your Own Crypto Token Without Coding Skills

    What is a Token Maker? – Creating Your Own Crypto Token Without Coding Skills

    Alexander

    How Many Days a Year the Stock Market Is Up? – An Investor’s Guide to Long-Term Success

    How Many Days a Year the Stock Market Is Up?

    Alexander

    Invest $100 and Make $1,000 a Day: Best Strategies to Grow Your Money

    Invest $100 and Make $1,000 a Day: Best Strategies to Grow Your Money

    Alexander

    Is Real Estate Investment Trusts a Good Career Path? — Opportunities in 2023

    Is Real Estate Investment Trusts a Good Career Path?

    Alexander

    Is Day Trading Gambling? Most Likely Yes

    Is Day Trading Gambling? Most Likely Yes

    Alexander

    Where to Exchange Currency Without Paying a High Fee — Planning Your Travel Beforehand

    Where to Exchange Currency Without a High Fee

    Alexander

    Is Infinite Banking a Scam? Unveiling the Truth Behind the Concept

    Is Infinite Banking a Scam? The Truth Behind the Concept

    Alexander

    The Dollar Milkshake Theory: Could the US Dollar Become Even Stronger?

    The Dollar Milkshake Theory: Could the US Dollar Become Even Stronger?

    Alexander

    Why “Skip the Latte” is Poor Financial Advice

    Why "Skip the Latte" And "Cancel Netflix" Is Bad

    Alexander

    Is Now a Good Time to Invest? Exploring Investment Opportunities in 2023

    Exploring Investment Opportunities in 2023.

    Alexander

    Best Bitcoin Wallets in 2023: Comparing Features, Security, and Usability

    Best Bitcoin Wallets in 2023

    Alexander

    Top Rising NFT Artists to Watch Out for in 2023 And Beyond

    Top Rising NFT Artists to Watch Out for in 2023

    Alexander

    Insuring Your Future: What Type of Insurance to Buy?

    Insuring Your Future: What Type of Insurance to Buy

    Alexander

    Is IUL a Good Investment Strategy? — A Guide for Beginner Investors

    Is IUL a Good Investment Strategy? — A Guide for Beginner Investors

    Alexander

    Are Crypto Wallets Safe? — Tips to Ensure Maximum Protection of Your Digital Assets.

    Are Crypto Wallets Safe? — Tips to Ensure Maximum Protection

    Alexander

    Roth IRA Guide: What It Is and What You Need to Know.

    Roth IRA Guide: What It Is and What You Need to Know
    Latest News - Liquidity Provider: Business & FinTech Media
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site.