Today in brief S&P: 4,725.79 (+29.23) (+0.62%) Dow: 35,950.56 (+196.67) (+0.55%) Nasdaq: 15,653.37 (+131.48) (+0.85%) In time for the Holiday, the US markets cheered up with the S&P closing at a new record and shrugging off the worries that troubled in the beginning of the week. Fueled by optimism on the impeding Santa Claus rally next week the indices posted back-to-back sessions gains with most of the stocks in the green. The VIX continued to dip reflecting the market sentiment and closed at the lowest levels since the Thanksgiving weekend. Tesla built upon the momentum of Musk’s closure of share sales and further buoyed by positive estimates of various analysts on the Q4 Tesla delivery numbers, jumped another 5% today to close at $1,067. The One Trillion Dollar EV maker promised to disable in-car videogame after US Highway safety regulator launched an investigation into the same. Crocs shares plunged by more than 11% after the company said it has agreed to purchase casual-shoe brand Heydude for $2.5 Billion ($2.05 Bn in cash and $450 Mn in Crocs shares). Heydude makes ultra-light casual shoes that has seen digital sales increase 14x since 2018. Shares of Micron Technology jumped another 4.5% today marking an impressive 15% gains since their stellar earnings report and positive management commentary. The stock closed at above $94 closely approaching its 52-week high price. Airlines and Cruise stocks had an impressive week despite the Omicron variant raging across the US and the world. In the last 5 trading days Carnival Cruise was up by more than 20% and AAL, DAL and UAL were all up around 10% with domestic travel remaining strong in the holiday season. Electric semitruck maker Nikola’s shares surged by 18% on the news of their first customer delivery. The company’s shares closed at $11.09 still at a far-lower level than its mid-2020 levels. Other notable increases during this “trading week” in WSB’s favorite meme stocks that took a plunge recently include AMC, WISH, SDC, SNAP and PSFE. submitted by /u/Ok_Commission_3368 [link] [comments] https://www.reddit.com/r/stocks/comments/rn72gn/markets_at_close_12232021/
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