Entrepreneur
Kurra Bewarse Username: Entrepreneur
Post Number: 3843 Registered: 05-2011
Rating: N/A Votes: 0 | Posted on Monday, December 27, 2021 - 7:38 pm: | |
The market didn't seem drawn to any specific piece of news, nor was there any economic data to influence investing decisions. Instead, the market appeared to benefit from a continued willingness among investors to buy equities when momentum remained in their favor, particularly at a seasonally-favorable time of the year. Retail investors might have had a greater role today based on the light trading volume at the NYSE and the huge gains in market favorites like Apple (AAPL 180.33, +4.05, +2.3%), Microsoft (MSFT 342.45, +7.76, +2.3%), Meta Platforms (FB 346.18, +10.94, +3.3%), Tesla (TSLA 1093.94, +26.94, +2.5%), and NVIDIA (NVDA 309.45, +13.05, +4.4%). The mega-cap growth stocks did the heavy lifting while small-caps and micro-caps went along for the ride, as did value stocks. The Russell 1000 Growth Index rose 1.5%, versus a 1.1% gain in the Russell 1000 Value Index. Looking at industry news, travel stocks struggled amid reports highlighting the disruptions that airlines and cruise lines have faced because of Omicron-related issues. Retail stocks benefited from Mastercard SpendingPulse data indicating that retail sales grew 8.5% year-over-year this holiday season (Nov. 1-Dec. 24). |