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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.