Wall Street shows confidence at the beginning of the new year – World Celebrat : Daily Celebrations Ideas, Holidays & Festivals

Wall Street shows confidence at the beginning of the new year

BOSTON (Reuters) – Global markets got an upbeat start to 2022, with US and European stock markets surging on Monday, paralleled by higher oil prices and US Treasury yields.

The Dow Jones Industrial Average increased 60.52 points, or 0.17%, to 36,398.82 points, the S&P 500 increased 9.76 points, or 0.20%, to 4,775.94 points, and the Nasdaq Composite increased 73.86 points, or. 0.47% to 15718.83.

Tesla Inc (TSLA.O), whose shares rose nearly 10% in early trading Monday, led the way after reporting stronger-than-expected quarterly deliveries of its electric vehicles. Read more

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The S&P rose about 28% last year, pushing the MSCI 50-country stock index (.MIWD00000PUS) into its third consecutive year of double-digit gains. Read more

Traders in London were enjoying their last day, but mainland Europe got off to a lively start, hitting an all-time high of the STOXX 600 (.STOXX) after an encouraging wave of Eurozone and Eastern European data. Read more

US benchmark 10-year yield US10YT = RR touched a six-week high of 1.6053%, with investors anticipating a series of interest rate hikes this year. / FRX

Commodity markets are also quickly back to swing after what they were in the last 18-20 months.

Oil rose above $78 a barrel on Monday, buoyed by a supply shortage and hopes for a demand recovery in 2022, although OPEC+ appears ready to agree to increased production and lingering concerns about the impact of demand on rising coronavirus cases. Read more

“Infection rates are rising globally, restrictions are being imposed in many countries, and the air travel sector is suffering among others, yet investor optimism is palpable,” said Tamas Varga of oil brokerage PVM.

The dollar also rose against its major rivals as the market sentiment was upbeat. Read more

Gold prices fell as rising bond yields and rising stocks weighed on the metal’s safe-haven appeal as the new year kicked off, pushing it down from a six-week high earlier in the session. Read more

And spot gold fell 1.4 percent to $1,802.12 an ounce, after touching its highest level since November 22 at $1,831.62. And US gold futures fell 1.07 percent to $ 1807.90 an ounce.