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Wealth Daily 08 December 2021

WEALTH DAILY 2021-12-08
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The S&P 500 index rose 2.07% on Tue, its best day in nine months. Retreating

fears about the omicron strain of the coronavirus brought dip buyers into the

market. The Dow Jones Industrial Average gained 492.40 pts, or 1.4%, to close

at 35,719.43. The tech-heavy Nasdaq Composite led the market rally, jumping

3.0% to 15,686.92.

Chipmaker Marvell leaped (MRVL US, +7.1%) to an all-time high. Rival NVidia

(NVDA US) climbed 7.9%. Tesla (TSLA US) shares gained 4.2% despite news

that the company had to replace cameras in three of its models.

Amazon (AMZN US, +2.8%) and its cloud services division suffered widespread

outages, hitting clients including Coinbase (COIN US, +8.81%), Robinhood

(HOOD US, +3.79%) and Netflix (NFLX US, +2.10%).

GlaxoSmithKline (GSK LN, +1.35%) said its antibody treatment is effective

against the full combination of mutations in omicron.

The US-listed shares of Chinese tech stock Pinduoduo (PDD US) surged


The 10-year Treasury note yield notched up 3.91 basis points (bps) to 1.4733%.

The most actively traded US gold futures (Feb) contract settled up $5.20, or

0.3%, at US$1,784.70/oz. March silver, which is the most actively traded silver