The S&P 500 ends lower after a four-day rally, with Reuters hitting the biggest mark

By Echo Wang

(Reuters) – It closed slightly lower on an internal record on Tuesday as the four-day rally lost steam in thin trade and investors weighed on Omicron-driven travel disruptions and weighed on store closures.

The Centers for Disease Control and Prevention (CDC) on Monday reduced the recommended isolation time for Americans with asymptomatic COVID-19 cases to five days from the previous 10-day drive.

The update comes after the approval of new pills and more vaccines to combat COVID-19. It helped investors cancel thousands of flights and remove concerns that Apple Inc (NASDAQ 🙂 was closing stores in New York, raising cases, and putting them at the pace of U.S. equities to make monthly profits.

“This is a holiday week. So the daily moves will be excessive due to the low relative volume,” said Sam Stovalle, CFRA Research’s chief investment strategist at New York.

Seven of the top 11 S&P 500 indexes rose on Tuesday. Technology and Communication Services caused a decline.

95.83 points, or 0.26%, to 36,398.21; The S&P 500 lost 4.84 points, or 0.10%, to 4,786.35 and 89.54 points, or 0.56%, to 15,781.72.

In the company’s news, Boeing (NYSE 🙂 Co rose 1.46% when Indonesia lifted its 737 MAX ban after one of its planes crashed and lost 189 people on board in three years.

Markets are up for the seasonal Santa Claus Rally, with CFRA Research showing that the S&P 500 has risen by an average of 1.3% in the last five days of the year and the first two days of the new year since 1969.

“Investors are digesting profits over the last three days, … but there are concerns, for example, about how the Omicron variant will affect the market. Would that disrupt the Santa Claus rally? What if the Fed raises interest rates, perhaps that? can they? ”said Stovalle.

The Federal Reserve earlier this month reported a three-quarter percent interest rate hike by the end of 2022, when the economy is close to full employment and the U.S. central bank is facing rising inflation. [L1N2SZ1G5]

US trading volume was 7.55 billion shares, up from an average of 11.560 billion in the full session over the last 20 trading days.

Decline issues were higher than the NYSE advance with a ratio of 1.04 to 1; On the Nasdaq, the 1.88 and 1 ratios favored declines.

The S&P 500 posted a new high of 81 52 weeks and no new lows; The Nasdaq Composite recorded 105 new highs and 264 new lows.