S&P 500 Index: Three boosters for the Santa Rally to backfire once the festive season concludes SP500 Fed China Coronavirus
for the upbeat mood, but they could easily reverse and cause a nasty New Year's hangover, according to FXStreet’s Analyst Yohay Elam.“Pressure on health systems is what triggers lockdowns imposed by authorities or consumers' avoidance of going out and spending. As Omicron is not causing such a burden on wards, the full reversal of markets from the blows suffered since late November is fully explained. However, the story is more complicated.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 closes at record, Dow adds 350 points as investors look for Santa rallyU.S. stock indexes rose Monday as markets reopened after the Christmas holiday and investors assessed the spread of the omicron variant. The Dow was up 0.98%. The S&P 500 and the Nasdaq both gained 1.39%.
Read more »
S&P 500 opens at record after holidays, but airline shares slide following Covid cancellationsU.S. stock indexes rose Monday as markets reopened after the Christmas holiday and investors assessed the spread of the omicron Covid-19 variant.
Read more »
Stock Futures Are Little Changed After S&P 500 Hits Another Record HighStock futures were quiet after the S&P 500 closed at a record high on Monday.
Read more »
Wall Street Bets S&P 500 Will Say Goodbye to Outsize Stock Gains in 2022The Federal Reserve’s expected interest-rate increases in the year ahead could make stock investors less willing to accept lofty valuations.
Read more »
With 68 record highs, 2021 was a year of superlatives on the S&P 500In a year marked by a waning pandemic, new COVID variants, supply chain disruptions and a fits-and-starts U.S. economic recovery, the S&P 500 smashed old records en route to a 26% gain and the creation of $8.6 trillion in value.
Read more »
S&P 500 ready to stake out new high as stock futures rise, while travel stocks fall amid COVID disruptionWill the S&P 500 hold on to record highs or even extend them? Investors will find out Monday when they return for the last week of trading for 2021.
Read more »