AVN 65.45 Increased By ▲ 0.50 (0.77%)
BAFL 30.65 Decreased By ▼ -0.86 (-2.73%)
BOP 4.83 Increased By ▲ 0.04 (0.84%)
CNERGY 3.72 Decreased By ▼ -0.12 (-3.13%)
DFML 14.26 Decreased By ▼ -0.15 (-1.04%)
DGKC 41.06 Decreased By ▼ -0.54 (-1.3%)
EPCL 46.56 Decreased By ▼ -0.14 (-0.3%)
FCCL 11.35 Increased By ▲ 0.06 (0.53%)
FFL 5.03 Decreased By ▼ -0.02 (-0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 10.28 Decreased By ▼ -0.17 (-1.63%)
HUBC 67.03 Increased By ▲ 1.39 (2.12%)
HUMNL 5.68 Increased By ▲ 0.02 (0.35%)
KAPCO 27.85 Increased By ▲ 0.10 (0.36%)
KEL 2.19 Increased By ▲ 0.04 (1.86%)
LOTCHEM 24.83 Increased By ▲ 0.48 (1.97%)
MLCF 21.37 Decreased By ▼ -0.11 (-0.51%)
NETSOL 84.20 Decreased By ▼ -0.59 (-0.7%)
OGDC 85.94 Decreased By ▼ -1.31 (-1.5%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.17 Decreased By ▼ -0.05 (-1.18%)
PPL 74.56 Decreased By ▼ -1.14 (-1.51%)
PRL 13.40 Decreased By ▼ -0.25 (-1.83%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.44 Decreased By ▼ -0.89 (-2.15%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.42 Decreased By ▼ -0.22 (-1.41%)
TRG 111.63 Decreased By ▼ -0.07 (-0.06%)
UNITY 13.76 Decreased By ▼ -0.22 (-1.57%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Follow us

NEW YORK: Wall Street stocks rose early Monday, opening 2022 on a positive note as markets weighed the latest Covid-19 case trends and awaited key economic data.

Soaring infections caused by the Omicron variant have lifted Covid-19 case counts, but health experts believe many of the cases are less virulent than with earlier strains.

"Everything is revolving around Omicron right now," said LBBW's Karl Haeling.

"The bearish side is clearly that the case loads are just surging and it is going to test our healthcare system and disrupt supply chains which will increase inflation pressure. The other side of it is there's some hope that in a month or two Omicron just burns itself out."

About 20 minutes into trading, the Dow Jones Industrial Average was up 0.1 percent at 36,381.59.

Wall Street takes a breather on last trading day of 2021

The broad-based S&P 500 advanced 0.2 percent at 4,777.89, while the tech-rich Nasdaq Composite Index dropped 0.5 percent to 15,720.95.

Among individual companies, Tesla surged about 10 percent as it reported delivering more than 936,000 cars of all models in 2021, an increase of 87 percent over the previous year following a strong fourth quarter.

This week's economic calendar includes reports on the manufacturing and services sector, as well as US jobs data for December.

Comments

Comments are closed.

US stocks begin 2022 on positive note

Dar hits out at Imran Khan's 'irresponsible tweet'

Alluding to PTI, PM asks where Rs417bn spent?

Govt says ‘will have to’ agree to IMF conditions

PTI chief won’t attend APC: Umar

Industry yet to export any amount of sugar

RDA: pace of growth slightly lower

‘Rules’ allow banks to seek asset details of civil servants

Likely output dip in Feb, Mar: Indus Motor offering full refund with interest to customers

Imran steps up criticism of PDM govt

COAS vows to root out menace of terrorism