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The S&P 500 index ended trading on Wednesday with the highest peak ever: 4793.14 points.
Records were also set in trading in the final minutes: the S&P 500 set a new record in trading approximately half an hour before the end of 4802.1 points. The industrial index Dow Jones also set a new record just over ten minutes later at 36,568.17 points.
This is what the US stock market indices looked like at the close of trading on Wednesday:
- Industrial-heavy Dow Jones was up over 0.25 percent, and it was finally just below an earlier intraday high.
- The broad aggregate index S&P 500 was up over 0.14 percent, and received the highest peak ever.
- Technology-heavy Nasdaq Composite was down 0.1 percent.
Historically, the last five trading days in December and the first five in January have been a good period on Wall Street, where the S&P 500 index has risen 1.7 percent since 1928.
The S&P 500 index set a new high of about half an hour before the close of trading on Wednesday. Shortly afterwards, the stock market index climbed to 4802.1 points.
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Omikron created stock market turmoil in the US at the end of November, but since then the mood has improved. The S&P 500 is up about five percent so far in December.
The industrial-heavy Dow Jones index rises slightly from the start on Wednesday, and may mark a new high during the trading day. The previous intraday high is 36,565.73 points. The highest closing price so far was in November this year – 36,432.22 points.
At approximately 21:40 l, the index stood at 36,568.17 points, and a new top listing.
On Wednesday morning, it was announced that Tesla CEO Elon Musk has sold shares in the company for an additional NOK 9 billion, and is thus one step closer to reducing his ownership share by ten percent.
Chinese e-commerce giant Alibaba is considering selling its 30 percent stake in marketing company Weibo to state-owned Shanghai Media Group, according to Bloomberg. Alibaba traded down 2.7 percent at the close of trading.
Victoria’s Secret stock was up 6.7 percent in pre-trade after the company announced an accelerated repurchase of $ 250 million and maintained guidance for the fourth quarter, according to Bloomberg News. At the close of trading, the company was up 5.9 percent.
Wholesale stocks in the US rose 1.2 percent in November, compared with the previous month, according to preliminary figures from the US Department of Commerce before the stock market opened on Wednesday, according to Trading Economics.
At home, the main index on the Oslo Stock Exchange fell by 0.45 per cent at the close of trading on the penultimate trading day of the year, and thus followed the majority of the European and Asian stock exchanges. (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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