Jack Dorsey will be stepping down from his role as Twitter chief executive effective immediately, the social media giant said Monday. Twitter (ticker: TWTR ) appointed Parag Agrawal, current chief technology officer, as CEO and a board member. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement Monday. 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.
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