Apple, S&P hit record, Dow reclaims 36,000
Sony & Disney-Marvel's 'Spiderman: No Way Home' grossed $1B worldwide
U.S. stocks hit fresh highs on the first day of the final trading week of the year with the S&P 500 at a new record helped by gains in large-cap tech and energy names.
The broadest measure of stocks rose 1.4%, while the Nasdaq Composite advanced by the same amount, and the Dow Jones Industrial Average rallied over 352 points or 0.9% just shy of its all-time high.
|I:COMP||NASDAQ COMPOSITE INDEX||12151.416919||+137.95||+1.15%|
Exchange-traded funds that track the S&P also got a lift.
|SPY||SPDR S&P 500 ETF||407.05||+3.34||+0.83%|
|IVV||ISHARES TRUST CORE S&P 500 ETF||408.81||+3.37||+0.83%|
|VOO||VANGUARD INDEX FUNDS S&P 500 ETF SHS||374.08||+3.19||+0.86%|
All the major averages rose despite shares of airlines being under pressure as reports mount over hundreds of weekend cancellations even as travel rebounded with more than 2 million hitting the skies in a pandemic rebound.
|DAL||DELTA AIR LINES INC.||34.85||+0.75||+2.20%|
|AAL||AMERICAN AIRLINES GROUP INC.||14.69||+0.21||+1.49%|
|LUV||SOUTHWEST AIRLINES CO.||32.26||+0.43||+1.35%|
|UAL||UNITED AIRLINES HOLDINGS INC.||44.02||+0.32||+0.72%|
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GoDaddy shares rose after activist firm Starboard disclosed a 6.5% stake in the company.
Vaccine makers were actively traded. Novavax shares dipped despite reporting its two-dose vaccine responded strongly to the omicron variant. Moderna and Pfizer shares were mixed.
WATCH: NOVAVAX CEO TALKS TWO-DOSE OMICRON TREATMENT
Sony and Disney's Marvel are in focus after "Spiderman: No Way Home" ticket sales crossed $1 billion at the worldwide box office, a pandemic record.
|SONY||SONY GROUP CORP.||90.85||+1.58||+1.77%|
|DIS||THE WALT DISNEY CO.||99.34||+1.24||+1.26%|
Apple hit its 24th record close of the year, moving closer to becoming the first company valued at $3 trillion. Shares need to cross and close above $182.85 to mark the milestone. Microsoft is right behind with a market value of $2.5 trillion.
In commodities, oil jumped 2.4% to $75.57 per barrel, while gold was little changed closing at $1,808 an ounce.
|USO||UNITED STATES OIL FUND L.P.||66.25||+0.94||+1.44%|
|GLD||SPDR GOLD SHARES TRUST - EUR ACC||183.64||-0.54||-0.29%|