22.5 C
New York
Tuesday, May 24, 2022
HomeStock market newsStock market news for January 4, 2022

Stock market news for January 4, 2022

Latest stock market news today. Dow Jones outperformed, Nasdaq underperformed, a mixed close for the US stock market. How did the US stock market close today?

S&P 500: 4,793.54,-3.02(-0.06%)
Dow 30: 36,799.65,+214.59(+0.59%)
Nasdaq: 15,622.72,-210.08(-1.33%)
Russell 2000: 2,268.87,+23.56(+1.05%)

Stock market new today

“The Dow Jones Industrial Average set another closing record on Tuesday at 36,799.45 points after upbeat economic data powered the index forward as investors bet on a strong recovery. Tech stocks faltered to drag the Nasdaq down 1.3%, and the S&P 500 was mostly unchanged.

Investors mulled a trove of new prints out of Washington, including a fresh read on the ISM Manufacturing Index and the Labor Department’s latest job openings.

Releases from ISM showed manufacturing slowed in December on a cool down in demand for goods, but that supply chain constraints are starting to ease. On the employment side, data showed demand for workers was historically high in November again as labor shortages continue to strain employers, though the impact of the latest virus wave has yet to show.

“Looking ahead, the Omicron variant wave will likely lead to some short-term weakness in the labor market,” Sam Bullard, senior economist for Wells Fargo, wrote in a note published earlier this week. “However, we believe this will be temporary and that the pace of hiring should pick back up by the spring.”

Despite a mixed day, markets have made headway overall, picking up right where they left off in a banner 2021 to trade near all time highs into the new year. The pace of that momentum, however, remains at the helm of the Federal Reserve as it gears up for potential rate hikes as soon as this quarter to deal with rising inflation.”

Stock market data: Yahoo Finance

Stock trading

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular