January 20, 2022

The Catholic Transcript

Complete News World

New All-Time High Hits on S&P500 US Data and Omigron Roder |  Scholarships and codes

New All-Time High Hits on S&P500 US Data and Omigron Roder | Scholarships and codes

On the Wall Street, New York Stock Exchange (Nyse), the Dow Jones Industrial Average rose 0.55% to close at 35,950.56 points, while the S&P 500 rose 0.62 points to close at a new all-time high of 4,725.79. The Nasdaq Electronics Index was up 0.85% at 15,653.37 points.

Indicators released on Thursday strengthened the firm image of the US economy in the fourth quarter. Durable goods orders were higher than forecast in November; Weekly claims for unemployment insurance were 205,000, below consensus; Both personal income and consumer spending were in line with market expectations. Following the release of the data, the Federal Reserve (Fed)’s GDP monitoring for the district of Atlanta began to show 7.6% growth in the fourth quarter, up from 7.2% in the previous quarter.

New research suggests that the omega-3 variant of the corona virus is less dangerous than previous strains. Researchers at the University of Edinburgh estimate that the risk of hospitalization for omigran is two-thirds lower than in previous strains, and separately, South African researchers estimate that the risk of hospitalization for a new strain is 70% to 80% lower. .

Kent Engelke, chief strategist at Capital Securities Management, said on Thursday that the performance of equity markets reflected the hope that the Omigron variant would not be “as bad as the delta or the original virus”. He also points out that sentiment on Wall Street has improved since the White House promised that there would be no “locking in” like there was in March 2020 to control the spread of the virus.

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