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Wealth Daily 09 December 2021

WEALTH DAILY 2021-12-09
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Shares on Wall Street posted modest gains on Wed, rising for a third straight

session. Investors are becoming increasingly convinced that the omicron variant

will be significantly less threatening as previously feared.

The S&P 500 index rose 0.31%, and now sits just 0.9% from an all-time record

high. The Dow Jones Industrial Average gained 35.32 pts, or 0.1%, to close at

35,754.75. The tech-heavy Nasdaq Composite rose 0.6%. The small cap

Russell 2000 edged higher by 0.8%.

US Treasury yields continue to track the stock market. The 10-year Treasury

note yield notched up 4.79 basis points (bps) to 1.5212%.

Apple (AAPL US, +2.28%) rose after it won a delay to court-mandated changes

to its App Store by Thur as it appeals the ruling. Apple is nearing a U$3T market


US cruise liners were among the top gainers after Pfizer (PFE US, -0.62%) and

BioNTech (BNTX US, -3.55%) said initial lab studies show a third dose of their

Covid-19 vaccine neutralizes the omicron variant. Shares of Norwegian Cruise

Line (NCLH US, +8.2%), Carnival (CCL US, +5.51%) and Royal Caribbean

(RCL US, +5.21%) rose.

The most actively traded US gold futures (Feb) contract settled up $0.80, or

0.04%, at US$1,785.50/oz. March silver, which is the most actively traded silver

futures, fell 9.1 cents, or 0.4%, to end at US$22.432/oz.

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

against a basket of currencies, fell 0.49% to 95.894.

The front-month Brent and WTI futures closed up 38 cents at US$75.82/bbl and

31 cents at US$72.36/bbl respectively.

European equity markets finished lower on Wed, amid concerns that new Covid-

19 restrictions will hurt growth. The UK FTSE lost 0.04%, France's CAC 40 fell

0.72%, while the German DAX retreated 0.8%.

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