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Wall Street downplays worries in wishful start to 2022

Published by
Reuters

By Lawrence Delevingne BOSTON (Reuters) -Wall Street’s New Year optimism overpowered concerns about the coronavirus and inflation on Monday, with U.S. and European equity markets advancing in parallel with rising oil prices and U.S. Treasury yields. The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, to 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, to 15,832.80. Leading the way were Apple Inc, which on Monday became the first company with a $3 trillion stock market value, and Tesla Inc, whose shares were up …

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