U.S. stocks rose across the board on the first trading day after Christmas on Monday, while assessing the economic impact of the new round of the epidemic, investors are still looking forward to the Christmas market.
As of the close, the Dow was up 351.82 points, or 0.98 percent, at 36,302.38 points, the NASDAQ was up 1.39 percent at 15,871.26 points, and the S&P 500 was up 1.38 percent at 4,791.19 points, the 69th time in the year to refresh its all-time high.
In terms of Chinese stocks, Alibaba fell 1.7%, JD.com fell 1.4%, Pinduoduo fell 1.3%, Baidu fell 0.2%, iQiyi fell 6.5%, weibo rose 1.1%
Big tech stocks diverged, with Apple and Microsoft up 2.3 percent, Apple announcing it would temporarily close several stores in New York City in response to the outbreak, Google up 0.6 percent and Amazon down 0.8 percent.
Tesla rose 2.5 percent, four times in a row on a daily basis, after CEO Musk posted on personal social media that a large number of Tesla cars would be delivered by the end of the year. In addition, Tesla's Model 3 model sold 10,739 units in Europe in November, making it the best-selling electric car in the region.
Disney fell 0.5 percent, and "Spider-Man: No Way Home," co-produced by Sony and Disney, was released less than two weeks ago and grossed $1.05 billion worldwide, making it the 2021 global box office champion.
As U.S. stocks enter the year-end trading period, market trading is usually relatively light, but investors are still looking forward to the Christmas market. Historical data shows that U.S. stocks tend to perform well during the last five trading days of each year and the first two trading days of the New Year.
JPMorgan strategist Dubravko Lakos Bujas is optimistic about the outlook for U.S. stocks. He said in his latest report: "We do not expect the Olmikron strain to have any significant impact on growth prospects, but it may accelerate the end of the outbreak." Given the already low investor positions, record share buybacks, limited systemic risk, and positive Seasonal factors for Next January, a massive sell-off is not currently in place. ”
Credit Suisse believes that if the impact of the Olmikron strain is more "moderate", then the Fed is more likely to start raising interest rates in June 2022. Because at the current rate of recovery in the job market, the standard of "full employment" may be reached by mid-2022. In addition, as supply chain tensions improve, high levels of inflation will ease.
A list of the top 10 richest people with the fastest growing wealth in the world
Forbes recently announced the list of the world's top ten richest people with the fastest wealth growth in 2021, and Tesla CEO Elon Musk has soared in wealth by more than 100 billion US dollars this year, ranking first. Forbes estimates that 1,800 of the world's 2,660 billionaires have seen their fortunes grow this year, a staggering number.
Some have increased by hundreds of millions of dollars, and some have added billions of dollars. There are also elites of the elite whose already enormous wealth has increased by tens of billions or even hundreds of billions of dollars in the past year.
Overall, the top ten fastest-growing richest people in 2021 have seen their wealth increase by a total of $458 billion this year, accounting for more than a quarter of the $1.6 trillion increase from January 1 to December 10 for global billionaires. Six of the 10 richest people are Americans, all from tech or tech-related industries.
Tesla CEO Elon Musk has increased his fortune by $109.8 billion this year and is now worth about $265.4 billion.
Google co-founder Larry Page has increased his fortune by $49.1 billion this year and is now net worth $126.3 billion.
Oracle CEO Larry Ellison added $47.5 billion this year and currently has a net worth of $135.7 billion.
Google co-founder Sergey Brin added $46.7 billion this year and currently has a net worth of $121.7 billion.
Former Microsoft CEO Steve Ballmer added $32.3 billion this year and currently has a net worth of $107.5 billion.
Microsoft co-founder Bill Gates added $18.9 billion this year and currently has a net worth of $139.2 billion.