NEW YORK, Dec 28 — The S&P 500 was on track to open at all-time highs today, building on a record-setting rally amid thin trading volumes, with investors unshaken by Omicron-driven travel disruptions and store closures. The S&P 500 and Nasdaq yesterday posted their best four-day rally...
NEW YORK, Dec 28 — The S&P 500 was on track to open at all-time highs today, building on a record-setting rally amid thin trading volumes, with investors unshaken by Omicron-driven travel disruptions and store closures.
The Centres for Disease Control and Prevention yesterday shortened the recommended isolation time for Americans with asymptomatic cases of COVID-19 to five days from the previous guidance of 10 days. “This policy change is sending the message that it is becoming more like the flu and less like the variants we saw early on when we had no treatments, no vaccines and it was much more deadly,” said Thomas Hayes, managing member at Great Hill Capital in New York.
Some megacap companies have roared in the recent rally, with Tesla Inc jumping 1.7 per cent in premarket trade after surging nearly 22 per cent in value over the past four sessions. Apple , which is up marginally, is within spitting distance of becoming the first US company to hit $3 trillion in market capitalization.
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