Dow futures gain more than 100 points ahead of first trading day of 2022

U.S. stock-index futures rose Sunday, indicating a positive start for Wall Street on the first trading day of 2022.

Dow Jones Industrial Average futures

were up about 125 points, or 0.3%, Sunday evening. S&P 500 futures

and Nasdaq-100 futures

also gained.

Stocks fell Friday on the last trading day of 2021, with the Dow

dipping 59.78 points, or 0.2%, to close at 36,338.30, while the S&P 500

slipped 12.55 points, or 0.3%, to finish at 4,766.18, and the Nasdaq Composite

dropped 96.59 points, or 0.6%, to end at 15,644.97.

For 2021, the S&P 500 soared 26.9%, beating both the Nasdaq’s 21.4% rise and the Dow’s 18.7% climb.

Read: The S&P 500 beat both Dow, and Nasdaq in 2021 by the widest margin in 24 years. Here’s what history says happens in 2022.

Wall Street will start the year with a number of concerns, including the surge in COVID-19 cases spurred by the rapid spread of the omicron variant and the likelihood of multiple interest-rates hikes by the Fed, expected later this year.

Source link