ASX fires up all four cylinders on the first trading day of 2022

January 4, 2022 - 5 months ago
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The Australian share market started 2022 on all fires on all four cylinders and advances to a four-month high, with all 11 sectors trading higher, as gains in the Energy, Consumer Discretionary, Materials and Information Technology booking gains over +2%.

The benchmark S&P/ASX 200 index rose +145.2 points, or +1.95% to 7,589.8, while the All Ordinaries added +147.6 points, or +1.90%, to 7,926.8, while our local currency, the Australian dollar, is currently buying US$0.7202.

Following a strong lead from U.S. stock benchmarks on Wall Street stocks, Apple briefly became the first company in history to record a market capitalisation of US$3 trillion, which was enough to push the Dow Jones Industrial Average and S&P 500 to fresh record highs.

The advance also supported the Santa rally, where historically, the S&P 500 notches around a +1.5% gain with one more trading day to see if it can live up to the historical periods.

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