Live stock market news: December 30, 2021

US stocks edged higher on Thursday after the S&P 500 and Dow each extended a rally to close at all-time highs in the previous session in the middle of a last week of 2021 with weak trading on Wall Street.

The Dow, S&P and Nasdaq all edged up in intraday trading, as investors weighed in on new jobs data from Washington and rising COVID-19 cases. COVID-19 cases hit a world record earlier this week, with infections of the highly transmissible variant Omicron – which spread 70 times faster than previous strains – including much of the newly tracked positive tests. Recent developments indicating that Omicron may cause milder illness have helped the markets to shake off earlier concerns.

“Perversely, the bad news around Omicron could be good news for the markets as it gives the Fed the momentum to continue these very loose monetary policies,” Octavio Marenzi, CEO of Opimas LLC, told Yahoo Finance Live. “Too much good news for the real economy could actually be bad enough for the markets.”

While markets were mostly under pressure, travel stocks were hit by virus-related developments.

JetBlue Airways Corp (JBLU) said it plans to cut 1,280 flights, slashing its schedule amid an increase in the number of people who have fallen ill. The company’s stock turned red, down -0.21% in the early afternoon to $ 14.35 per share. Delta Air Lines (DAL) on Wednesday announced the cancellation of 250 more flights after thousands of interrupted and delayed flights by major airlines reported over the Christmas weekend. Airlines’ stocks have been hit all week amid mounting flight disruptions caused by the latest wave of the virus and winter weather conditions.

Delta closed Wednesday’s trading session at -1.19% at $ 39.16 and American Airlines (AAL) closed down 2.64% at $ 18.05 per share. United Airlines (UAL) saw the session end down 1.86% to $ 44.3,

“It’s a controlled collapse, let’s put it that way,” Boyd Group International chairman Mike Boyd told Yahoo Finance. Airlines “know in advance where they are going to be lacking, and then they have to adapt.”

Cruise passengers also fell slightly after the CDC advised people to avoid cruise travel, regardless of their vaccine status, following an increase in COVID-19 cases on board. Norwegian Cruise Line Holdings (NCLH) lost 1.85% to $ 21.18 per share. Carnival Corp. (CCL) lost 0.84% ​​to trade at $ 20.61 apiece, and Royal Caribbean Cruises (RCL) traded 0.55% to $ 77.79.

Economic and earnings calendars remain clear for the last two trading days of the year, although investors turned their attention Thursday morning to new data from Washington on weekly jobless claims.

The Ministry of Labor has released its latest report on initial and continuing unemployment claims. First-time jobless claims fell further from last week’s reading, reaching 198,000 – below the 206,000 expected. Earlier in December, jobless claims fell to 188,000, its lowest level since 1969.

Meanwhile, in a regulatory filing Thursday, Samsung BioLogics denied earlier reports that the Samsung Group was in talks to acquire US drugmaker Biogen Inc. (BIIB), which was in the spotlight on Wednesday after the shares of the drugmaker surged during intraday trading following a report by the Korea Economic Daily, which cited investment banking sources. The report says Biogen has approached Samsung to buy its shares in a deal that could be valued at more than $ 42 billion.

Biogen stock was down 8.05% to $ 237.51 per share as of 1:04 p.m. ET on Thursday.

1:05 p.m. ET: FDA to accept recalls for 12-15 year olds

The U.S. Food and Drug Administration plans to allow booster doses of Pfizer-BioNTech’s coronavirus vaccine for 12 to 15 year olds, according to a New York Times report.

U.S. regulators are also likely to reduce the timeframe for recall eligibility to allow adolescents and adults to receive an additional injection of Pfizer vaccine five months after receiving a second dose instead of the current six-month period, said the New York Times.

Shares of Pfizer (PFE) rose just under 1% to $ 58.15 per share.

12:45 p.m. ET: Cruise passenger stocks drop after CDC’s new recommendation

The Centers for Disease Control and Prevention has advised people to avoid cruise travel, regardless of their vaccination status, following an increase in COVID-19 cases on board.

Cruise ship operators fell in midday trading, Norwegian Cruise Line Holdings (NCLH) lost 1.85% to $ 21.18 per share.

Carnival Corp. (CCL) lost 0.84% ​​to trade at $ 20.61 apiece, and Royal Caribbean Cruises (RCL) traded 0.55% to $ 77.79.

12:39 p.m. ET: Markets kick in in the middle of a lightly traded week

Here are the main moves in the markets at 12:39 ET:

  • S&P 500 (^ GSPC): + 6.08 (+ 0.13%) to 4,799.14

  • Dow (^ DJI): + 9.20 (+ 0.03%) to 36,497.83

  • Nasdaq (^ IXIC): +86.10 (+ 0.55%) to 15,852.32

  • Raw (CL = F): + $ 0.33 (+ 0.43%) to $ 76.89 per barrel

  • Gold (CG = F): + $ 8.50 (+ 0.47%) to $ 1,814.30 per ounce

  • 10-year cash flow (^ TNX): -2.1 bps for a yield of 1.5220%

12:20 p.m. ET: JetBlue flies 1,280 January flights

JetBlue Airways Corp (JBLU) is set to cut 1,280 flights, slashing its schedule amid an increase in the number of people who have fallen ill from COVID-19. The company’s shares were trading at $ 14.43 apiece during the midday session, up a modest 0.31%.

The airline will allow customers with any type of ticket to change or cancel their trip until January. JetBlue, which was slated to perform 6,204 flights and offer nearly a million seats in January ahead of the cuts, will now see fewer flights in the first month of 2022 than in December, which had 5,538 flights and 832,942 scheduled seats. .

Airlines stocks have been hit all week amid increasing disruption to flights caused by increasing COVID-19 cases and winter weather conditions.

“It’s a controlled collapse, let’s put it that way,” Boyd Group International chairman Mike Boyd told Yahoo Finance. Airlines “know in advance where they are going to be lacking, and then they have to adapt.”

9:31 am ET: Stocks rise to extend gains

Here are the main movements on the markets at the opening:

  • S&P 500 (^ GSPC): +5.93 (+ 0.12%) to 4,798.99

  • Dow (^ DJI): +103.36 (+ 0.28%) to 36,591.99

  • Nasdaq (^ IXIC): -8.96 (-0.06%) to 15,757.26

  • Raw (CL = F): + $ 0.23 (+ 0.30%) to $ 76.79 per barrel

  • Gold (CG = F): – $ 2.50 (-0.14%) to $ 1,803.30 per ounce

  • 10-year cash flow (^ TNX): -1.6 bps for a yield of 1.5270%

8:50 a.m. ET: Tesla conducts recalls on Model 3 and Model S cars

Tesla Inc (TSLA) has recalled more than 475,000 Model 3 and Model S electric cars, according to the United States National Highway Traffic Safety Administration (NHTSA).

The recall has been attributed to two safety concerns, including trunk issues with vehicles and for the 3 models, rear view cameras mounted on these units which could malfunction.

Tesla shares fell 2.2% in Wednesday’s trading session after CEO Elon Musk sold an additional $ 1 billion in company shares.

8:30 a.m. ET: jobless claims near pre-pandemic lows

The Ministry of Labor has released its latest report on initial and continuing unemployment claims. First-time jobless claims fell further from last week’s reading, reaching 198,000 – below the 206,000 expected. Earlier in December, jobless claims fell to – 188,000, its lowest level since 1969.

Continuing claims for the week ended Dec. 18 stood at 1.716 million, also beating expectations of 1.875 million and below the previous week.

7:10 am ET: Futures remain muted ahead of trading day

  • S&P 500 Futures Contracts (ES = F): +8.50 points (+ 0.15%), at 4,793.00

  • Dow Futures (YM = F): + 50.00 (+ 0.14%), at 36,431.00

  • Nasdaq Futures (NQ = F): +0.39 point (+ 0.24%) to 16,529

6:01 p.m. ET: S&P, Dow and Nasdaq contracts open sideways

  • S&P 500 Futures Contracts (ES = F): +0.50 point (+ 0.01%), at 4,785.00

  • Dow Futures (YM = F): +3.00 (+ 0.01%), at 36,384.00

  • Nasdaq Futures (NQ = F): -0.25 point (0.00%) at 16,490.25

Alexandra Semenova is a reporter for Yahoo Finance. Follow her on twitter @alexandraandnyc

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