23Dec2021 Market Close: Merry Christmas, Wall Street! U.S. Oil Rig Count Jumps Along With Crude Prices
S&P 500 sweeps to a new record high and then falls off sharply at the close. The S&P 500 recorded its 68th record high this year, optimism that the omicron variant of COVID won’t derail global economies.
Wall Street stocks end higher for 3rd day in the final session before Christmas.
U.S. stocks book a third straight gain Thursday, with EV stocks soaring on hype in 2021 — investors are betting 2022 will bring actual revenue. Nikola shares surge 20% after the company delivers its first EV truck.
Oil prices have risen back to the mid-$70s this week due to tighter U.S. crude inventories and a force majeure on Libyan crude oil exports, Friday, December 23rd, 2021. In addition, the number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave of Covid-19 cases brought by the new variant of the coronavirus.
Wall Street is closed on Christmas, and there’s no New Year’s Day holiday for the stock market this year.