Squawk on the Street
Travel Stocks Down on Omicron But the S&P 500 Sets a New All-Time High, the Holiday Retail Sales Boost and Big Tech vs. Regulation in 2022.
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Show notes
On the first trading day after Christmas, Carl Quintanilla, Scott Wapner and Kayla Tausche discussed why the S&P 500 hit a new record high despite the omicron outbreak, while travel stocks are taking a hit in wake of flight cancellations and the increase in COVID cases on cruise ships. Meantime, Moderna is facing shareholder pressure over the cost of its COVID vaccines. The anchors also explored data indicating the strongest holiday sales jump in 17 years -- and what that means for the economy and retail stocks heading into 2022. Also in focus: China’s Didi blocking investors from selling their shares in the company indefinitely, GoDaddy shares jump after activist investor Starboard takes a 6.5% stake in the company, plus what’s on tap for big tech in 2022 as the group faces regulatory headwinds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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