Twitter Strength Rounds Off Robust December for Indexes

At the time of writing, the major stock indexes are on track to post robust gains in December, capping a solid year for the market. Despite some big swings in 2021, at the time of writing, the S&P 500 is on pace to gain more than 27%.

Major Gain – Twitter (NYSE: TWTR)

After the microblogging service was named in a list of Internet investment recommendations for 2022 by Baird analyst Colin Sebastian, shares of Twitter Inc. soared as a result. Twitter’s stock had dropped roughly 28% in the last six months as investors have shifted their focus away from high-growth technology businesses and toward companies with more dependable cash flows.

Major Loss – Norwegian Stock (NYSE: NCLH)

As reports of the Covid-19 outbreak, onboard running ships continue to rattle the cruise industry, shares of cruise operators have fallen. Lockdowns and aversion to travel, especially discretionary travel, have wreaked havoc on the cruise industry’s health.

US Commodity Market

Live Cattle Futures

Live cattle futures on the Chicago Mercantile Exchange dipped due to profit-taking after a previous session rally saw many contracts achieve fresh highs, dealers said.

Raw Sugar Futures

Raw sugar futures on ICE fell 1.7% as further rain fell in Brazil’s producing areas, reducing export activity, while robusta coffee stayed just below a recent 10-year high.

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