Stocks

Investors may benefit from the so-called Santa Claus rally in the shortened trading week.

Wall Street finished the holiday-shortened week leading to Christmas with the Dow, S&P 500 and Nasdaq up more than 1.6%.

With the S&P 500, the broadest measure of the U.S. stock market, sitting at a record high, strategists are cautiously optimistic about 2022, but there are a fair amount of wildcards.

U.S. stock futures grinded higher, with little news driving markets after the Christmas holiday.

Tesla Inc.

Investors are digesting a basket of positive economic data against more signs of rising inflation.

The Federal Aviation Administration on Wednesday proposed fixes to prevent engine coverings from breaking apart on certain Boeing Co. 777 aircraft, as they did in a series of incidents including on a United Airlines jet over Colorado earlier this year.

Elon Musk on Wednesday unloaded more Tesla Inc.

U.S. investors are weighing a heavy economic calendar in the shortened holiday trading week.

AP Moeller-Maersk AS said Wednesday it has agreed to buy LF Logistics Holdings Ltd.

The U.S. Securities and Exchange Commission has denied Apple Inc's bid to exclude a shareholder proposal that would require the company to inform investors about its use of non-disclosure agreements and other concealment clauses, according to a document viewed by Reuters.

Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday.

Futures on the S&P 500 strengthened 0.6% and Dow Jones Industrial Average futures gained 0.5%

U.S. stocks slid Monday, continuing last week's losses, as the rapid spread of the omicron variant continues to worry investors who fear the new surge could hamper economic growth.

Oracle's Larry Ellison says the deal will help "lower the administrative workload burdening our medical professionals, improve patient privacy and outcomes, and lower overall health care costs."

U.S. stock futures, oil prices, and bond yields fell as investors worried that a rise in Omicron Covid-19 cases would stall economic growth and add pressure to inflation.

The next two weeks will be holiday-shortened weeks with the Christmas and New Year's holidays rounding out each week.

Home sales, GDP and earnings from Nike and Micron are all on tap this week.

Boeing has completed the sale of its Commercial Airplanes headquarters campus in a suburb of Seattle.

A fire ripped through a distribution center in North Carolina for the QVC home-shopping television network early Saturday, causing extensive damage to the facility, officials said.