Stock futures rise before the first trading day of 2022

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on December 8, 2021.

Spencer Pratt | Getty Images

As Wall Street hopes to have a solid start in 2022, US stock index futures rose on Sunday night.

Futures linked to the Dow Jones Industrial Average rose 80 points. The S&P 500 index rose 0.3%, and the Nasdaq 100 index futures rose 0.4%.

The trend of futures took place after the end of the strong 2021 market last week. The Standard & Poor’s 500 Index rose nearly 27% for the year, and the Nasdaq Composite Index and the Dow Jones Index also recorded huge returns. The stock market fell slightly on Friday, but the S&P 500 Index and Dow Jones Index performed positively in the last week of this year.

The new year begins with the continuing uncertainty of the Covid-19 pandemic. The rise of omicron variants has led to the cancellation of thousands of flights during the holidays, and has caused some businesses and schools to consider temporary closures. Several major Wall Street banks have required employees to work from home in the first few weeks of January.

Infectious disease expert Dr. Anthony Fauci said on ABC’s “This Week” program on Sunday that US health officials may soon update the guidelines, including a test recommendation to indicate when people who have previously tested positive for Covid can do so Leave isolation.

Inflation and monetary policy are also expected to be key themes in 2022, as investors expect the Fed to raise interest rates several times in the coming year to help cool consumer price increases.

“In terms of the economy as a whole, the market story in 2022 will return to normal. As recruitment continues, spending increases, as well as corporate hiring and investment, the economy will normalize. The government is normalizing policies based on the same expectations. When you When looking at the big picture, the overall theme is that 2022 will bring us back to normal,” Brad McMillan, chief investment officer of the Federal Financial Network, said in a report to clients on Friday.

The market may see a boost from Tesla stock on Monday. The electric car company reported that it delivered 308,600 vehicles in the fourth quarter, exceeding expectations.

The first week of this year will be a busy week for economic data, and the key December employment report is scheduled to be released on Friday morning. On Monday, investors will learn about the latest developments in manufacturing activity and construction spending.


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