Average investors are seen buying below (dip-buying) before 2022 draws the curtain to watch the risky asset market finally break the profit deadlock.
The achievement was achieved thanks to a rebound in the growth stocks of the United States (US) giant and a jump in the unemployment rate, suggesting smaller rate hikes should be considered.
At yesterday's close, the Dow Jones Industrial gained 1.05% at 33,220.8 with the S&P 500 up 1.75% at 3,849.28 and the Nasdaq Composite up 2.59% at 10,478.09.
Europe's STOXX 600 index rose 0.68% but its gains were held back by China's negative sentiment factor regarding a potential spike in Covid-19 cases after the easing of its restrictive policy and the MSCI global gauge gained 1.26%.
Asian trade for the last day of 2022 saw Australia's S&P/ASX 200 up 0.47%, Japan's Nikkei 225 up 0.39% and the Topix up 0.2%.
Comment chief U.S. equity strategist. Bank Wealth Management, Terry Sandven, the index board finally turned green with investors trying to sum up 2022 on a good note before heading to a more optimistic 2023.
In the meantime, the greenback and Treasury yields lost some ground after the release of the unemployment rate data despite the overall market sentiment being 'upbeat'.
