The stock opens with small gains on Wall Street on Thursday, holding the S&P 500 and Dow Jones Industrial Average …
The stock opened with small gains on Wall Street on Thursday, keeping the S&P 500 and Dow Jones Industrial Average just above the recent record highs they set a day earlier. The S&P 500 rose 0.3% in the first few minutes of trading, led by gains in banks, healthcare and industrial companies, and the Dow rose 0.5%. Technology stocks lagged behind the rest of the market, and the Nasdaq was slightly changed. European markets were also modestly higher and Asian markets closed mixed overnight. The yield on the 10-year government bond was slightly changed at 1.54%.
THIS IS A NEWS UPDATE. The AP’s past history follows below.
BEIJING (AP) – Global stock markets were mixed on Thursday after Wall Street hit a high level and new daily US coronavirus cases rose to record highs.
London and Frankfurt opened lower, and Tokyo and Seoul also fell. Shanghai and Hong Kong advanced.
Wall Street futures were higher after the benchmark S&P 500 index hit its 70th record high in 2021 on Wednesday.
Optimism was dampened by data showing that new US virus cases have risen to an average of 265,000 a day, mainly driven by the more contagious omicron variant.
Markets “hang on to thin optimism,” while health care resources take a “balancing act,” Tiz Boon Heng of Mizuho Bank said in a report.
In early trading, the FTSE 100 in London lost 0.1% to 7,411.22, and the Frankfurt DAX fell less than 0.1% to 15,844.18. The CAC 40 in Paris rose less than 0.1% to 7,163.96.
On Wall Street, futures for the S&P 500 and Dow Jones Industrial Average rose less than 0.1 percent.
On Wednesday, the S&P 500 rose 0.1% and the Dow rose 0.2%. Nasdaq composition fell 0.1 percent.
The S&P 500 is on track for a gain of more than 27% in 2021.
The benchmark, which also set records on Monday and December 23, hit more new highs in 2021 than in any year since the 77 in 1954. The Dow set records in early November.
In Asia, the Shanghai Composite Index rose 0.6% to 3,619./19 after a deputy trade minister said China’s total trade is expected to grow by 20% in 2021 from a year earlier.
The Nikkei 225 in Tokyo fell 0.4% to 28,791.71, while the Hang Seng in Hong Kong rose 0.1% to 23,112.01.
Kospi in Seoul fell 0.5% to 2,977.65 and Sydney’s S & P-ASX 200 added less than 0.1% to 7,513.40.
India’s Sensex rose 0.1% to 57,887.26. New Zealand and Bangkok won, while Singapore and Jakarta withdrew.
Investors have been encouraged by the profits and advances of stronger companies in vaccine development and virus treatment.
It has been dampened by the Federal Reserve’s decision to try to cool US inflation, which has been at a level for nearly four decades, by rolling back the stimulus that has raised stock prices.
On Wednesday, the S&P 500 was lifted by gains in healthcare, technology and consumer-oriented stocks.
Investors’ concerns about the omicron variant eased after researchers said it appears to be causing less severe symptoms, and President Joe Biden avoided announcing travel or other restrictions that could weigh on economic activity.
Nevertheless, the markets are uncertain about the impact of omicron, which is spreading rapidly and is fast becoming the dominant variant.
In the energy markets, benchmark US crude oil lost 13 cents to $ 76.43 per barrel. barrel of electronic trading on the New York Mercantile Exchange. The contract rose 58 cents to $ 76.56 on Wednesday. Brent crude oil, the price base for international oils, rose 16 cents to $ 79.05 per barrel. barrel in London. It closed 29 cents higher the previous session at $ 79.23.
The dollar rose to 115.14 yen from Wednesday’s 114.97 yen. The euro fell to $ 1.1307 from $ 1.1344.
Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.