S&P 500 closes at a record | Energy stocks’ winning year | JPMorgan: These stocks could jump in January

MON, DEC 27, 2021

EVENING BRIEF

AS OF MON, DEC 27, 2021 • 04:58 ET

DJIA		36302.38
		+0.98%	+351.82

S&P 500		4791.19
		+1.38%	+65.40

NASDAQ		15871.26
		+1.39%	+217.89

Most Active

DOW
NAME	LAST	CHG	%CHG
AAPL	180.33	+4.05	+2.30%
INTC	51.94	+0.63	+1.23%
MSFT	342.45	+7.76	+2.32%

S&P 500
NAME	LAST	CHG	%CHG
AAPL	180.33	+4.05	+2.30%
F	20.80	+0.55	+2.72%
AMD	154.36	+8.22	+5.62%

NASDAQ
NAME	LAST	CHG	%CHG
AAPL	180.33	+4.05	+2.30%
AMD	154.36	+8.22	+5.62%
NVDA	309.45	+13.05	+4.40%

EDITOR'S NOTE

U.S. stocks resumed trading Monday with a bang as markets reopened after the Christmas holiday.

The major averages each rose during the day with the S&P 500 closing at an all-time high. The session marked the broad-market index's 69th record close this year and brings its year-to-date return to more than 27%.

The S&P 500 has historically gained during the Santa Claus rally period — the final five trading days of the current year and the first two of the new year — which started Monday.

Investors appeared to brush off the Covid omicron variant's impact on the overall equity outlook. Studies suggest the omicron strain has a lower risk of hospitalization than other coronavirus variants.

"As the new year approaches, it's helpful to take stock of where things stand in the ongoing pandemic recovery. At a high level, the economy continues its transition to post-recovery growth," Glenmede's Jason Pride and Michael Reynolds said in a note Monday.

Energy stocks were among the S&P 500's leaders Monday as oil prices rose. The sector is set to finish the year as the S&P 500′s top-performing group. Semiconductor stocks also led the way on the benchmark index. Retail stocks also got a lift as holiday sales rose 8.5% in 2021 from last year, the fastest pace in 17 years, according to Mastercard data.

Meanwhile, Covid weighed on travel sectors Monday as airlines, cruise operators and casino stocks took a hit.