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Wealth Daily 07 December 2021

WEALTH DAILY 2021-12-07
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Shares on Wall Street rallied on Mon. Investor confidence rebounded on reports

indicating that the omicron variant of Covid-19 isn’t overwhelming hospitals. The

Dow erased its losses from the previous week.

The Dow Jones Industrial Average gained 646.95 pts, or 1.87%, to close at

35,227.03. The broader S&P 500 index rose 1.17%. The tech-heavy Nasdaq

Composite climbed out of negative territory and ended 0.93% higher. The small

cap Russell 2000 rose 2.05%.

Norwegian Cruise Line (NCLH US, +9.51%), United Airlines (UAL US, +8.32%)

and Royal Caribbean Cruises (RCL US, +8.22%) shares soared on Mon.

Meanwhile, Moderna (MRNA US, -13.49%) shares fell amid a lack of clarity

around omicron.

Tesla (TSLA US, -0.59%) edged lower after Reuters reported that the EV

carmaker is under investigation by the SEC over whistle-blower claims on solar

panel defects.

The US-listed shares of Alibaba (BABA US, +10.4%) rose on Mon, after the

company announced that it was replacing its long-standing CFO and reshuffling

the leaders of its commerce businesses.