U.S. stocks climb as Dow jumps over 200 points

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NEW YORK, Jan. 3 (Xinhua) — U.S. stocks finished the first trading session of 2022 on an upbeat note with the Dow up more than 200 points.

The Dow Jones Industrial Average increased 246.76 points, or 0.68 percent, to 36,585.06. The S&P 500 was up 30.38 points, or 0.64 percent, to 4,796.56. The Nasdaq Composite Index jumped 187.83 points, or 1.20 percent, to 15,832.80.

Six of the 11 primary S&P 500 sectors ended in red, with materials and health care down 1.37 percent and 0.98 percent, respectively, leading the laggards. Energy and consumer discretionary advanced 3.1 percent and 2.76 percent, respectively, outpacing the rest.

Tesla shares soared more than 13 percent after the company’s quarterly deliveries beat analysts’ estimates.

Apple shares rose 2.5 percent to close at 182.01 U.S. dollars apiece. The company briefly hit a market cap of 3 trillion U.S. dollars during intraday trading on Monday when its share price hit 182.86 dollars.

U.S.-listed Chinese companies traded mostly lower with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Investors continue to monitor rising coronavirus cases as the United States is now averaging over 316,000 new cases each day, a record high since the onset of the pandemic in the country.