Wall Street's main indexes posted solid gains for a third straight session on Thursday, with the S&P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant.
Defensive sectors, which have mostly outperformed in December, generally lagged on Thursday. The real estate sector“People are seeing the strength on Tuesday and Wednesday and all of a sudden everybody is more optimistic again,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.A trader works on the trading floor on the last day of trading before Christmas at the New York Stock Exchange in Manhattan, New York City, U.S., December 23, 2021.
Trading volumes were expected to be thinner than usual ahead of the Christmas and New Year holidays. The stock market will be closed on Friday in observance of the Christmas holiday.
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