Wall Street rebounded despite variable omicron

December 21, 2021 | 9:07 AM

Wall Street indices begin to rise, resuming the swing movement that has become the signature of markets since the emergence of the COVID-19 omicron variant.

At 8:34 a.m. (Mexico City time), the S&P 500 rose 0.86% to 4,607.44 units; The Dow Jones Industrial Average rose 0.96% to 35,267.99 units. While the Nasdaq Composite rose 1.05% to 15,137.9.9 units, according to Investing.com data.

For its part, in Mexico, the Price and Quote Index (IPC) of the Mexican Stock Exchange (BMV) started the day with gains of 0.42% to 51841.56 points.

Investors grappled with a host of concerns as the year came to an end. The rise in Omicron cases has raised concerns about global growth and whether it will prolong disruptions in the global supply chain that have fueled inflation.

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However, evidence that vaccine enhancers provide protection against omicron has raised hopes that its effect on growth could be mitigated.

Actions general mills They fell 4.12% after the food company reported quarterly earnings that did not meet expectations.

Meanwhile, the business micron technology They gained 8.91% after the memory chip company reported strong results and provided better-than-expected forecasts.

For its part, the business nike It rose 7.96% after the athletic footwear maker reported earnings and sales that beat analysts’ expectations, despite ongoing supply chain challenges.

In addition, hopes were raised that a version of the $2 trillion spending package could pass, after Senate Majority Leader Chuck Schumer said Democrats would take over the legislation early next year, despite opposition from Senate Joe Manchin.

Abroad , Stokes Europe 600 It rose 1.4%, while Asian indices closed higher. Nikkei 225 from Japan adds 2.8% and Shanghai boat From China a gain of 0.88%.

In the raw material market, lOil prices rebounded on Tuesday after a two-day declineAnd Although they have remained cautious amid the rapid spread of the omicron variant of COVID-19 and the restriction of commercial activities by some countries, demand has been limited.