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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.

Intel (INTC US, +3.5%) is up 7.6% in extended-hours trade after announcing

plans to list its Mobileeye self-driving unit.

Crude oil prices rebounded. The front-month Brent and WTI futures closed up

$3.20 at US$73.08/bbl and $3.23 cents at US$69.49/bbl respectively.

The 10-year Treasury note yield notched up 9.12 basis points (bps) to 1.4342%.

The most actively traded US gold futures (Feb) contracts settled down $4.40, or

0.2%, at US$1,779.50/oz.

Coffee futures on the ICE futures exchange rose to 10-year highs on Mon.

The ICE dollar index (DXY), which measures the strength of the greenback

against a basket of currencies, rose 0.22% to 96.328.

European equity markets finished higher on Mon. The UK FTSE gained 1.54%,

France's CAC 40 rose 1.48%, while the German DAX advanced 1.39%.

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