The Dow rose about 600 points and the S&P 500 added more than 1% despite uncertainty about the Omicron variant's potential impact on the economy
U.S. stocks jumped Thursday, continuing a tumultuous week for markets driven by uncertainty about the potential impact of the Omicron variant on public health and the economy.
Equities rose, with the S&P 500 and Dow Jones Industrial Average more than recouping Wednesday’s losses. All 11 sectors of the S&P 500 were up, with all but one rising at least 1%. Oil prices and bond yields rose. Investors already confronting rising inflation are now also evaluating the likelihood that Omicron could spur changes in government or monetary policy, which has led to pronounced volatility in recent sessions.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks drop as Omicron fears keep markets on edgeEuropean stock indexes opened lower on Thursday, reversing gains from the previous session as a lack of information about the Omicron variant of COVID-19 left markets volatile, and as investors also bet on faster Fed tapering.
Read more »
Stocks Rise After Omicron-Driven SelloffThe Dow gained more than 600 points, rebounding from yesterday's Omicron-driven selloff as the market's weeklong volatility continued
Read more »
Stocks making the biggest moves midday: Kroger, Boeing, Dollar General and moreThese are the stocks posting the largest moves in midday trading.
Read more »
Here’s What Wall Street’s Biggest Banks Predict For Stocks In 2022—And What To Watch ForMost forecasts remain cautiously optimistic about the market’s prospects next year but warn of below average returns.
Read more »
Stocks Rise After Omicron-Driven SelloffThe Dow gained more than 600 points, rebounding from yesterday's Omicron-driven selloff as the market's weeklong volatility continued
Read more »
Boeing drives S&P, Dow futures higher after Omicron drubbingFutures tracking the Dow and the S&P 500 rose on Thursday, led by gains in planemaker Boeing and travel stocks, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets.
Read more »