The S&P 500 was on track for a record closing high on Monday, as a strong retail sales report underscored the strength of the U.S. economy and overshadowed worries from Omicron-driven flight cancellations that hit stocks in the travel sector. Retail sales in the country rose 8.5 percent during this year’s holiday shopping season from Nov. 1 to Dec. 24, powered by an ecommerce boom, a report by Mastercard Inc. showed. The S&P 500 retailing index firmed 0.4 percent. Travel-related stocks, typically sensitive to news around the coronavirus, declined after U.S. airlines canceled about 800 more flights on Monday after nixing thousands of flights during the Christmas weekend, as Omicron cases soared. The S&P 1500 airlines index shed 0.6 percent. Cruise operators Norwegian Cruise Line Holdings, Royal Caribbean, and Carnival Corp, fell 1.1 percent–2.3 percent, leading declines on the benchmark S&P 500. “The market is much more likely to respond …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta