Apple, S&P hit record, Dow reclaims 36,000

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U.S. stocks hit fresh highs on the first day of the final trading week of the year with the S&P 500 at a new record helped by gains in large-cap tech and energy names. 

The broadest measure of stocks rose 1.4%, while the Nasdaq Composite advanced by the same amount, and the Dow Jones Industrial Average rallied over 352 points or 0.9% just shy of its all-time high. 

Ticker Security Last Change Change %
SP500 S&P 500 4786.35 -4.84 -0.10%
I:COMP NASDAQ COMPOSITE INDEX 15781.723483 -89.54 -0.56%
SP500 S&P 500 4786.35 -4.84 -0.10%

Exchange-traded funds that track the S&P also got a lift.  

Ticker Security Last Change Change %
SPY SPDR S&P 500 ETF 476.87 -0.39 -0.08%
IVV ISHARES TRUST CORE S&P 500 ETF 479.03 -0.37 -0.08%
VOO VANGUARD INDEX FUNDS S&P 500 ETF SHS 438.48 -0.33 -0.08%

All the major averages rose despite shares of airlines being under pressure as reports mount over hundreds of weekend cancellations even as travel rebounded with more than 2 million hitting the skies in a pandemic rebound. 

Ticker Security Last Change Change %
DAL DELTA AIR LINES INC. 39.63 +0.63 +1.62%
AAL AMERICAN AIRLINES GROUP INC. 18.54 +0.37 +2.04%
LUV SOUTHWEST AIRLINES CO. 42.29 +0.53 +1.27%
UAL UNITED AIRLINES HOLDINGS INC. 45.27 +0.69 +1.55%

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GoDaddy shares rose after activist firm Starboard disclosed a 6.5% stake in the company. 

Ticker Security Last Change Change %
GDDY GODADDY INC. 82.50 +0.15 +0.18%

Vaccine makers were actively traded. Novavax shares dipped despite reporting its two-dose vaccine responded strongly to the omicron variant. Moderna and Pfizer shares were mixed.  

WATCH: NOVAVAX CEO TALKS TWO-DOSE OMICRON TREATMENT

Ticker Security Last Change Change %
NVAX NOVAVAX INC. 155.84 -1.96 -1.24%
MRNA MODERNA INC. 241.44 -5.44 -2.20%
PFE PFIZER INC. 58.01 -1.19 -2.01%

Sony and Disney’s Marvel are in focus after “Spiderman: No Way Home” ticket sales crossed $1 billion at the worldwide box office, a pandemic record. 

Ticker Security Last Change Change %
SONY SONY GROUP CORP. 127.48 +0.27 +0.21%
DIS THE WALT DISNEY CO. 155.20 +2.40 +1.57%

Apple hit its 24th record close of the year, moving closer to becoming the first company valued at $3 trillion. Shares need to cross and close above $182.85 to mark the milestone. Microsoft is right behind with a market value of $2.5 trillion. 

Ticker Security Last Change Change %
AAPL APPLE INC. 179.29 -1.04 -0.58%
MSFT MICROSOFT CORP. 341.25 -1.20 -0.35%

In commodities, oil jumped 2.4% to $75.57 per barrel, while gold was little changed closing at $1,808 an ounce. 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 54.67 +0.15 +0.28%
GLD SPDR GOLD SHARES TRUST – EUR ACC 168.64 -0.73 -0.43%