Dow futures gain 170 points ahead of first trading day of 2022

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By Mike Murphy

U.S. stock futures rose Sunday, indicating a positive start for Wall Street on the first trading day of 2022.

Dow Jones Industrial Average futures were up about 170 points, or 0.5%, Sunday evening. S&P 500 futures and Nasdaq-100 futures were also up around 0.5%.

Stocks fell Friday on the last trading day of 2021, with the Dow dipping 59.78 points, or 0.2%, to close at 36,338.30, while the S&P 500 slipped 12.55 points, or 0.3%, to finish at 4,766.18, and the Nasdaq Composite dropped 96.59 points, or 0.6%, to end at 15,644.97.

For 2021, the S&P 500 soared 26.9%, beating both the Nasdaq’s 21.4% rise and the Dow’s 18.7% climb.

Read: The S&P 500 beat both Dow, and Nasdaq in 2021 by the widest margin in 24 years. Here’s what history says happens in 2022

Wall Street will start the year with a number of concerns, including the surge in COVID-19 cases spurred by the rapid spread of the omicron variant and the likelihood of multiple interest-rates hikes expected later this year.

-Mike Murphy

 

(END) Dow Jones Newswires

01-02-22 2004ET

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