Dow36585.06+246.76(0.68%)Nasdaq15832.79+187.83(1.20%)SP 5004796.56+30.38(0.64%)10-yr Note -11/321.640NYSEAdv 1928 Dec 1418 Vol 845.0 mlnNasdaqAdv 3290 Dec 1418 Vol 4.3 bln Industry Watch Strong: Energy, Consumer Discretionary, Financials, Information TechnologyWeak: Health Care, Materials, Utilities, Real Estate Moving the Market -- Apple (AAPL) hits $3 trillion market capitalization -- Tesla (TSLA) rises 13.5% after reporting record Q4 deliveries -- Amazon (AMZN) and small-caps adhere to the January effect -- Treasury yield curve steepens amid a big jump in longer-dated yields S&P 500 and Dow close at new highs to begin 2022Dow +246.76 at 36585.06, Nasdaq +187.83 at 15832.79, S&P +30.38 at 4796.56 [BRIEFING.COM] The major indices had a great start to 2022 on Monday, featuring record closes in the S&P 500 (+0.6%) and Dow Jones Industrial Average (+0.7%). The Nasdaq Composite (+1.2%) and Russell 2000 (+1.2%) tied for the lead with 1.2% gains. The outperformance of the Nasdaq was attributed to a 13.5% gain in Tesla ($TSLA 1199.78, +143.00, +13.5%), which reported record Q4 deliveries, and sizable gains in Apple ($AAPL 182.01, +4.44, +2.5%), Amazon.com ($AMZN 3408.09, +73.75, +2.2%), and NVIDIA ($NVDA 301.21, +7.10, +2.4%). Apple became the first U.S. company to reach a $3.0 trillion market capitalization while Amazon and the small-caps may have adhered to the January effect. The latter is a view that beaten-down stocks outperform to begin the year with the conclusion of tax-loss selling pressure. The S&P 500 consumer discretionary sector, which is home to TSLA and AMZN, advanced 2.8%, but it was outdone by the energy sector (+3.1%) amid higher oil prices ($76.05/BBL, +0.76, +1.0%). The financials (+1.2%) and information technology (+1.2%) sectors followed suit, with the former keying off a big jump in longer-dated Treasury yields. The mega-caps, to emphasize, made a huge difference for the large-cap indices since the S&P 500 Equal Weight Index increased just 0.1% and six of the 11 S&P 500 sectors closed lower. The materials (-1.4%), health care (-1.0%), and real estate (-1.0%) sectors each declined by at least 1.0%. Shares of Pfizer ($PFE 56.65, -2.40, -4.1%) and BioNTech ($BNTX 231.85, -25.95, -10.1%) declined noticeably amid an expected decision from the FDA, which approved their COVID-19 vaccine for kids aged 12-15. The FDA also shortened the time between the second dose and booster dose to at least five months (down from six months). In the Treasury market, the 10-yr yield rose 12 basis points to 1.63%, with selling interest influenced by the positive showing in the stock market and potentially due to an improving perspective on the economy. The 2-yr yield rose six basis points to 0.79%. The U.S. Dollar Index increased 0.3% to 96.21. Reviewing Monday's economic data: Total construction spending increased 0.4% month-over-month in November (Briefing.com consensus +0.6%) following an upwardly revised 0.4% increase (from 0.2%) in October. Total private construction increased 0.6% month-over-month while total public construction spending decreased 0.2%. On a year-over-year basis, total construction spending was up 9.3%.The key takeaway from the report is the strength seen in new single-family construction, which is a reflection of the persistently strong housing demand amid a scarcity of supply in the existing home market.The preliminary December IHS Markit Manufacturing PMI decreased to 57.7 from a revised final reading of 58.3 (from 57.8) in November. Looking ahead, investors will receive the ISM Manufacturing Index for December and the JOLTS - Job Openings report for November on Tuesday. Nasdaq Composite +1.2% YTDRussell 2000 +1.2% YTDDow Jones Industrial Average +0.7% YTDS&P 500 +0.6% YTDSource: (Briefing.com) Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .