U.S. stocks rose in the first session of 2022 and Apple briefly touched a $3 trillion market capitalization, though investors were also monitoring cases of the Omicron variant of Covid-19.
The S&P 500 gained 0.6% as of 4 p.m. ET, closing at a new record after a year where it rose 27% and notched 70 record highs along the way. The tech-focused Nasdaq Composite Index rose 1.1%, while the Dow Jones Industrial Average rose 0.6%, or 211 points. The Dow’s close at 36585.06 is also a new high.