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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Jan 04, 2022
Page
4
On the first trading day of 2022 the S P 500 rose 0.6 percent and the Dow 0.7 percent, both surpassing their prior record highs while the Nasdaq climbed 1.2 percent. Apple neared a 3 trillion market cap as bonds yields rose, boosting banks.
A mid-Atlantic storm plus air crew shortages caused a sharp rise in flight cancellations and delays just before the holidays. By Monday afternoon FlightAware counted over 3,000 U.S. and 4,800 worldwide cancellations, with about 13,000 more delays, as travelers faced long waits, missed connections, and crowded terminals amid continuing weather and omicron concerns.
More than three quarters of Monday flights at Reagan National and nearly half at Baltimore Washington International were scrubbed as both airports logged over 6 inches of snow. Southwest canceled about 600 flights and United, Delta, American, and SkyWest cited weather and Omicron as key factors, with carriers offering bonuses to cover open flights. Meanwhile Tesla delivered a record 936000 vehicles in 2021, driven by strong demand and chip constraints, as Germany weighs nuclear phaseout and EU climate plans face energy shifts.
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