The major benchmarks were mixed on Tuesday. The Dow extended its "Santa Claus" rally, adding 95 points for a fifth-straight win. The tech-heavy Nasdaq and S&P 500 saw their respective four-day win streaks end, though the latter set an intraday high earlier in the session.
Wall Street continued to weigh Covid-19 news today after the Centers for Disease Control and Prevention (CDC) said the recommended isolation for infected people with no symptoms is now five days, as opposed to 10 days. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), logged its fifth straight loss and the lowest close since Nov. 17.
The Dow Jones Average (DJI - 36,398.21) rose 95.8 points or 0.3% for the day. Walt Disney (DIS) led the gainers, adding 1.6%, while Salesforce.com (CRM) paced the laggards with a 1.1% fall.
The S&P 500 Index (SPX - 4,786.35) fell 4.8 points or 0.1% for the day. Meanwhile, the Nasdaq Composite (IXIC -15,781.72) shed 89.5 points or 0.6% for the day.
Lastly, the CBOE Volatility Index (VIX - 17.54) dropped 0.1 points or 0.8% for the day.
OIL PRICES EXTEND WIN STREAK TO LONGEST IN 3 MONTHS
Oil prices settled higher on Tuesday to notch their fifth-consecutive win, marking black gold's longest win streak in three months. Boosting commodity was hopes that omicron will not severely impact energy demand. In turn, February-dated crude added 41 cents, or 0.5%, to finish at $75.98 per barrel.
Gold prices settled higher as well to score their third win in four sessions. However, a stronger U.S. dollar continued to weigh on the metal. As a result, February-dated gold added $2.10, or 0.1%, to close at $1,810.90 per ounce.
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