On Monday, local time, the US stock market ushered in the opening of the first trading day of the new year, and the market's concern about the impact of the Omicron strain further subsided, and the three major stock indexes collectively closed higher. Among them, the Dow and the S&P 500 both stopped falling for two consecutive years and hit new closing highs. By the close, the Dow was up 0.68 percent, the S&P was up 0.64 percent and the Nasdaq Composite was up 1.20 percent.
On Monday, financial, energy and economic restart concept stocks generally moved higher. After a recent large number of flights grounded, investors are optimistic about the recovery of travel demand in the United States, with American Airlines and United closing up about 4%, and Norwegian Cruises and Carnival Cruises (CCL.US) up more than 6%.
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Tesla deliveries hit a record high Stock Price Rose 13.5% Apple's market value hit the $3 trillion mark on the 3rd
Leading tech stocks led the U.S. stock market on Monday. Tesla data released on Sunday showed that deliveries in the fourth quarter of last year exceeded Wall Street analysts' expectations and hit a new high, with full-year deliveries approaching 940,000 units, a sharp increase of 87% year-on-year. Boosted by the news, Tesla shares surged 13.5 percent on Monday. Tech giant Apple's market value hovered below $3 trillion for days before briefly touching the mark during Monday's intraday session, closing gains narrowing as its market value failed to hold firm at the $3 trillion mark, closing up 2.5 percent, but still closing at a new high. Analysts pointed out that the market value of $3 trillion has a clear impact on the entire U.S. stock market, and in the S&P broader market, Apple's weight has reached 7%, which is not far from the $3.51 trillion market value of Russell, a small-cap stock index in the United States. Apple became the first public company with a market capitalization of more than $1 trillion on August 2, 2018, and its market value has tripled in less than 4 years. Because of its strong cash flow, Apple, as a technology stock, was even seen as a safe haven by investors during a period of increased U.S. stock volatility.
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Make history!
Apple's market capitalization exceeded $3 trillion for the first time
Apple's stock surged nearly 3 percent intraday on Monday, with its share price reaching a new high, with its total market capitalization topping the $3 trillion mark for the first time, becoming the first company in history to reach that milestone.
For Apple to surpass the $3 trillion mark, Apple's stock price needs to reach $182.86. The company's shares peaked at $182.88 in intraday on Monday.
Apple's market capitalization has tripled in less than four years. The $3 trillion market cap milestone is largely symbolic, but it shows that investors remain bullish on Apple stock and its ability to grow. The company's fourth-quarter earnings report showed annual growth across all of its product categories, with revenue up 29 percent year-over-year.
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Financial institutions are generally cautious about the 2022 outlook for U.S. stocks
Entering 2022, factors such as the rebound of the epidemic in the United States, the continuation of inflationary pressures and supply bottlenecks, and the possibility of multiple interest rate hikes by the Federal Reserve have made Wall Street cautious about the outlook for US stocks. Many institutions expect that the US stock market may show a sharp correction during this year's mid-term elections, and there may be frequent oscillations throughout the year.
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International oil prices rose on the 3rd
In the crude oil market, investors expect that The OPEC+ ministerial meeting on Tuesday will remain unchanged from the previous production increase plan, so they continue to be bullish on the prospect of oil demand. International oil prices closed higher on Monday. As of the close, new York light crude futures for Next February delivery closed at $76.08 a barrel, up 1.16 percent; Brent crude futures for march delivery in London, up 1.54 percent, were closed at $78.98 a barrel.
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The international gold price fell on the 3rd
The decline in international gold prices was more pronounced on Monday, closing at $1800.1 an ounce, or 1.56%. Precious metals have not performed well in 2021, with the international gold price falling by 3.6% for the whole year of 2021, the largest annual decline since 2015. Looking ahead to 2022, the World Gold Council expects the gold market to remain volatile in 2022. Affected by the Fed's interest rate hike during the year, both UBS and JPMorgan Chase expect that the international gold price will fall back to pre-epidemic levels in the fourth quarter of this year, that is, about $1600 per ounce.
Article source: CCTV Finance
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