Stock Market Overview
Thu, Dec 9th, 2021
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U.S. Stocks Advance as Omicron Fears Recede
Barchart - Wed Dec 8, 3:52PM CST
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.31%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%.
Stock indexes on Wednesday posted moderate gains, with the S&P 500 and Dow Jones Industrials climbing to 2-week highs. An easing of pandemic concerns lifted the overall market Wednesday after Pfizer and BioNTech said that initial lab studies show the omicron Covid variant is neutralized by the third dose of their Covid vaccine.
Wednesday’s U.S. economic data was bullish for stocks. U.S. Oct JOLTS job openings rose +431,000 to a 3-month high of 11.033 million, showing a stronger labor market than expectations of 10.469 million.
Today’s stock movers…
Travel and cruise stocks rallied Wednesday after Pfizer and BioNTech said initial lab studies showed that the third dose of their Covid vaccine neutralizes the omicron variant. Norwegian Cruise Line Hold... Read more
Asian markets mixed as investors wait for U.S. inflation
BEIJING (AP) — Asian stock markets were mixed Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve's decision on when to roll back economic stimulus.
AP - 1 hour ago
Food waste becomes California's newest climate change target
DAVIS, Calif. (AP) — Banana peels, chicken bones and leftover veggies won't have a place in California trashcans under the nation's largest mandatory residential food waste recycling program that's set to take effect in January.
AP - 1 hour ago
Starbucks faces union test as worker votes are counted
A growing effort to unionize Starbucks stores — despite company resistance — is facing its first major test.
AP - 1 hour ago
Asian markets rise as investors wait for U.S. inflation
BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve's decision on when to roll back economic stimulus.
AP - Wed Dec 8, 10:13PM CST
MacKenzie Scott won't say how much she's giving 'this time'
In a titled “No Dollar Signs This Time,” billionaire philanthropist MacKenzie Scott said she won’t reveal how much she has given to charity since her last round of donations earlier this year, in an effort to reduce the attention she draws. Instead, she wrote a reflection on what philanthropy means.
AP - Wed Dec 8, 7:36PM CST
Instagram head faces senators amid anger over possible harms
WASHINGTON (AP) — The head of Instagram on Wednesday met with deep skepticism on Capitol Hill over new measures the social media platform is adopting to protect young users.
AP - Wed Dec 8, 7:01PM CST
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