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Home Automotive

Wall Street closes with mixed results; Dow Jones scores record for second day in a row

by souhaib
January 4, 2022
in Automotive
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The Dow Jones marked a record close for the second day in a row on Tuesday, due to a rise in financial and industrial stocks, in a session in which the Nasdaq it fell.

The S&P 500 it was nearly flat, with stocks of growth big names including Tesla Inc. falling, which weighed on the index and the Nasdaq Composite.

The sectors of Energy, financial e industrial were among the main gains in the S&P 500. Helping in the confidence of the market, the World organization (WHO) of Health cited growing evidence that the Omicron variant of the coronavirus causes milder symptoms than previous variants.

The banking index of S&P 500 it also rose strongly.

Some strategists said financial stocks and other value-oriented papers could lead markets in the near term, as investors brace for interest rate hikes from the Federal Reserve (Fed) in the middle of the year to curb growth. high inflation. Treasury bond returns advanced for the second day in a row.

The value index of the S&P 500 jumped, while the growth one descended.

The S&P 500 lost 3.02 points, or 0.06%, to 4,793.54 units, while the Nasdaq Composite it fell 210.08 points, or 1.33%, to 15,622.72 units. The Promedio Industrial Dow JonesMeanwhile, it rose 214.59 points, or 0.59%, to 36,799.65 units.

The actions of Tesla fell, a day after climbing more than 13% following better-than-expected quarterly deliveries.

While, Ford Motor Co it rose after the automaker said it would nearly double the annual production capacity of its F-150 Lightning electric pickup to 150,000 vehicles.

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