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After a mixed start on Wall Street, all three leading indices rose beyond trading day on Monday.
At the close, the Dow Jones industrial average rose 1.87 percent. The broad S&P 500 index rose 1.18 percent, while the technology-heavy Nasdaq rose 0.93 percent.
Thus, the three indices recovered much of the fall from Friday last week.
Omikron
The first omicron cases were discovered in the US last week, but fears of the new virus variant do not seem to have taken root among US investors.
Among other things, the aircraft manufacturer Boeing rose 3.72 percent. The American airlines United Airlines and Delta Airlines also rose above eight and six percent respectively on Monday.
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On Sunday, the White House’s infection control adviser Anthony Fauci stated that the first data on the omicron variant is “encouraging”, according to CNBC. He is also said to have stated that although it is still too early to comment on the outcome of the omicron outbreak, it does not appear that there is a great degree of seriousness in it.
In New York City, on the other hand, the mood is different. On Monday, it was announced that the mayor of the city of Bill de Blasio will introduce one requirement that all employees in the private sector are vaccinated, regardless of the size of the company.
– Omikron is here, and it seems that it is very contagious. The timing is terrible considering the winter months, de Blasio said on Monday.
Tesla fell weak
On Friday, it was announced that Tesla boss Elon Musk in total has sold Tesla shares for NOK 90 billion, after he sold Tesla shares for more than one billion dollars on Thursday, corresponding to more than 9.2 billion kroner.
Prior to the opening of the stock exchange, Reuters reported that the US authorities have launched an investigation into Tesla, as a result of the company not reporting “well enough” to shareholders about the risk associated with fire in the company’s solar panel systems.
On Monday, Tesla shares fell 0.59 percent. The stock is trading at around $ 1,000, which is a decline of nearly 20 percent from its peak in early November.
Alibaba boost after CFO resigns
Before the stock market opened on Wall Street, it became known that Alibaba’s CFO Maggie Wu was resigning. This weekend, the company announced that it will be reorganized into two units, due to the need to improve competitiveness.
Alibaba shares rose a total of 10.44 percent on Monday. (Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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