Stocks rallied back midday Monday, with the Dow Jones Industrial Average up more than 200 points after paring bigger early gains. Read More...
Reuters
Investors cling to hope as Omicron spreads, shares rebound
A semblance of calm returned to world markets on Monday as investors waited for more details to assess the severity of the Omicron coronavirus variant on the world economy, allowing battered stocks and oil prices to rebound. Global stocks rallied, oil prices bounced and safe-haven bonds lost ground as markets latched onto hopes the new variant of concern would prove milder than initially feared. The Dow Jones Industrial Average rose 137.09 points, or 0.39%, to 35,036.43, the S&P 500 gained 38.91 points, or 0.85%, to 4,633.53 and the Nasdaq Composite added 166.47 points, or 1.07%, to 15,658.12.
