New York Stock Market: Dow Closes Up 617.75 Points | RYT9

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The Dow Jones Industrial Average closed more than 600 points overnight, boosted by speculative buyouts after the Dow plunged for two straight days. Boeing shares jumped more than 7 percent after China approved the takeoff of the 737 MAX.

The Dow Jones Industrial Average closed at 34,639.79, up 617.75, or +1.82%, the S&P500 closed at 4,577.10, up 64.06, or +1.42%, and the Nasdaq closed at 15,381.32, up 127.27, or +0.83%.

President Joe Biden’s administration has introduced countermeasures after a confirmed case of the Omicron strain in the country. by raising the level of testing for COVID-19 For those traveling to the US And plans to extend the enforcement of the measure requiring tourists to wear masks while traveling. whether on planes, trains or buses, until March 18, 2022

The US government also plans to require health insurers to provide home testing kits for coronavirus. It is expected that the policy will take effect on January 15 next year.

The airline index rose 7.5 percent, its strongest single-day gain since November 9, 2020, with Delta Air Lines up 9.28 percent and American Airlines up 7 percent. United Airlines was up 6.61%, and Southwest Airlines shares were up 6.56%.

The hotel index was up 3.8%, with Hyatt Hotels Corporation up 7.03 percent, Marriott International up 6.05 percent, and Hilton Worldwide Holdings up 7.41 percent. MGM Resorts up 7.65%

Boeing shares jumped 7.54 percent after China approved the takeoff of the 737 MAX, while Boeing forecasts that by 2040 China will buy 8,700 new planes worth $1.47 trillion. dollar The figure rose 12 percent from the previous forecast of 8,600 as China’s economy tends to recover rapidly. And China’s low-cost airline business is likely to continue to expand.

Banking and credit card operators also rose, with Visa shares up 4.26 percent, Mastercard up 4.54 percent, American Express up 4.58 percent, JPMorgan was up 2.12 percent. Man Sachs was up 2.94 percent, while Bank of America shares were up 2.89 percent.

For the US economic data reported last night. The number of first-time claims for unemployment benefits rose 28,000 to 222,000 last week, the Labor Department said. But it was lower than the 240,000 analysts expected.

Investors eyeing the US release of non-farm payrolls for November today. While analysts predicted that The number of jobs to be increased by 581,000 in November. after adding 531,000 jobs in October

Other economic data that is scheduled to be released tomorrow include: Purchasing Managers’ Index (PMI) Nov. Final services from Markit, factory orders for Oct. and the November service sector index from the US Institute of Supply Management (ISM).


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