December 23, 2021

December 23, 2021

Stocks closed up again today as fears the Omicron variant would derail economic growth cooled among investors who sold-off risky assets at the start of the week on reports of increasing case numbers.

 

Dow Jones finished +197 at 35,950

S&P 500 finished +29 at 4,725

NASDAQ finished +131 at 15,653

 

The 10 Year Treasury closed up 3 basis points yielding 1.49%

Oil prices closed up $1.14 ending at $73.90 a barrel.

Gold prices closed up $7.20 ending at $1,809 an ounce.

 

In the days’ stock news:

 

  • Crocs closed down more than 11% after the footwear maker announced it would buy privately held rival Heydude for $2.5 billion in cash and stock. The companies said they expect the deal to close in the first quarter of next year.
  • Nikola closed up 18% a day after the company announced on Twitter that its first customer delivery is done and signaled there’s more to come.

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