US stocks continued to record gains for the third consecutive session at the close of the session yesterday, Wednesday, as the Nasdaq Composite Index, which specializes in the technology sector, achieved gains of about 100 points, with the calm fading of Omicron’s fears and the rise in risk appetite in the markets.
And the three major indices of the US markets approached the record levels recorded in November, supported by the news that Omicron may not inflict strong economic damage as much as expected, as reports from Pfizer and its partner Biotech showed that a third dose of the current vaccine led to the elimination of the disease.
The new mutation is Omicron, and it seems that the two-dose regimen is less effective, which raised the market’s morale so that US stocks continued to rise. In terms of stock movement, Apple shares rose by about 2.28% at the close at $175.08, topping the blue-chip index, while Facebook gained 2.4%, and Tesla and Disney rose by 1.64% and 1.68%, respectively.
With the continued absence of economic indicators affecting market movements today, Thursday as well, with the exception of the weekly unemployment benefits index, the markets are awaiting the inflation index tomorrow, Friday, where estimates indicate that the consumer price index will rise by 0.7% in November at a monthly pace and by 6.7% at an annual pace.
The Dow Jones Industrial Average closed up by about (35) points at the close at 35.754 levels, with gains of about 0.10%, and it is now trading in the futures for today’s session, Thursday, at levels of 35,692, down by about 50 points.
While the S&P 500 index recorded highs at the close at 4.701 levels, up by 14 points or 0.31%, and it is now trading in futures at 4.685 levels, down by about 6 points.
While the Nasdaq index recorded gains by (100 points), to close the session at 15.786 points, recording gains of about 0.64%, and it is now trading in the futures, down by about 21 points.