{"id":124445,"date":"2022-01-10T14:28:10","date_gmt":"2022-01-10T14:28:10","guid":{"rendered":"https:\/\/fin2me.com\/?p=124445"},"modified":"2022-01-10T14:28:10","modified_gmt":"2022-01-10T14:28:10","slug":"u-s-stocks-in-positive-territory-on-growth-optimism","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/u-s-stocks-in-positive-territory-on-growth-optimism\/","title":{"rendered":"U.S. Stocks In Positive Territory On Growth Optimism"},"content":{"rendered":"

U.S. stocks are up slightly Monday afternoon, the first trading session of the new year 2022, as optimism about growth outweigh concerns about a surge in Omicron variant of the coronavirus<\/span> in several countries.<\/p>\n

Activity, however, is somewhat subdued with investors looking ahead to the minutes of the Federal Reserve’s December monetary policy meeting.<\/p>\n

Among the major averages, the Dow and the S&P 500 are up marginally, with stocks swinging between gains and losses. The Nasdaq is notably higher thanks to strong buying at several tech counters.<\/p>\n

The Dow is up 60.36 points or 0.17 percent at 36,398.45. The S&P 500 is up 8.89 points or 0.19 percent at 4,775.07, while the Nasdaq is higher by 109.56 points or 0.07 percent at 15,754.53.<\/p>\n

Bank stocks are finding support after the yield on 10-year Treasury Note climbed to 1.6 percent. Bank of America shares gained more than 4 percent. Meanwhile, Wells Fargo surged up almost 6% following a rating upgrade from Barclays.<\/p>\n

Despite the surge in coronavirus cases, shares of airline companies are climbing higher. American Airlines and United Airlines are up with impressive gains.<\/p>\n

Tesla shares soared more than 10 percent, riding on an announcement from the company that it made 308,600 deliveries in the fourth quarter.<\/p>\n

Shares of several automobile companies, including, Ford Motor and General Motors also up with strong gains.<\/p>\n

Shares of Apple Inc. climbed nearly 3 percent, hitting a record high in the process.<\/p>\n

In economic news, a report from the Commerce Department showed U.S. construction spending increased 0.4 percent in November amid strong gains in single-family homebuilding. However, outlays on public projects were weak.<\/p>\n

Economists had expected construction spending to climb 0.6 percent. Construction spending increased 9.3% on a year-on-year basis in November.<\/p>\n

Spending on private construction projects rose 0.6 percent in November. Outlays on residential construction surged 0.9 percent.<\/p>\n

In overseas trading, stock markets<\/span> across the Asia-Pacific region turned in a mixed performance on Monday, with several major markets closed for holidays. Hong Kong’s Hang Seng Index slid by 0.5 percent, while South Korea’s Kospi rose by 0.4 percent.<\/p>\n

European stocks closed on a firm note. The pan European Stoxx 600 climbed 0.45 percent. Germany’s DAX advanced 0.86 percent to close at a six-week high. France’s CAC surged up 0.9 percent, settling at a fresh record high, and Switzerland’s SMI gained 0.49 percent. Markets in the U.K. and Ireland were closed for New Year holiday. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks are up slightly Monday afternoon, the first trading session of the new year 2022, as optimism about growth outweigh concerns about a surge […]<\/p>\n","protected":false},"author":3,"featured_media":124444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nU.S. Stocks In Positive Territory On Growth Optimism - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/u-s-stocks-in-positive-territory-on-growth-optimism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Stocks In Positive Territory On Growth Optimism - Fin2me\" \/>\n<meta property=\"og:description\" content=\"U.S. stocks are up slightly Monday afternoon, the first trading session of the new year 2022, as optimism about growth outweigh concerns about a surge [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/u-s-stocks-in-positive-territory-on-growth-optimism\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-10T14:28:10+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/01\/U.S.-Stocks-In-Positive-Territory-On-Growth-Optimism-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/u-s-stocks-in-positive-territory-on-growth-optimism\/\",\"url\":\"https:\/\/fin2me.com\/business\/u-s-stocks-in-positive-territory-on-growth-optimism\/\",\"name\":\"U.S. Stocks In Positive Territory On Growth Optimism - 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