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U.S. stock-index futures climbed on Monday, pointing to a positive start to the year as 2022’s first day of trading was getting under way. Among stocks on the move, shares of Tesla surged after record-breaking quarterly sales.
How are stock-index futures trading?
- S&P 500 futures ES00, +0.64% rose 0.6% to 4,789
- Dow industrials futures YM00, +0.52% climbed 200 points, or 0.6%, to 36,431
- Nasdaq-100 futures NQ00, +0.74% gained 0.7% to 16,438
Stocks fell Friday on the last trading day of 2021, with the Dow DJIA, -0.16% dipping 59.78 points, or 0.2%, to close at 36,338.30, while the S&P 500 SPX, -0.26% slipped 12.55 points, or 0.3%, to finish at 4,766.18, and the Nasdaq Composite COMP, -0.61% 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.
What’s driving stock markets?
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 coronavirus variant and the likelihood of multiple interest-rates hikes by the Federal Reserve, expected later this year.
Travel chaos was greeting the start of the year, with more than 2,600 U.S. flights canceled on Sunday, amid winter storms and shortages of workers due to the fast-spreading omicron variant. Federal offices were also shut in Washington, D.C., as winter weather bore down on the mid-Atlantic.
Helping drive positive sentiment on the first trading day of 2022, shares of Tesla TSLA, -1.27% climbed 6%, after the electric-car maker delivered more than 308,000 vehicles in the fourth quarter, blowing away analysts’ expectations. Deliveries surged about 87% in 2021.
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