S&P 500 bounces 1.3% from Friday’s rout after Biden says there’s no need for Covid omicron lockdowns
Stocks bounced on Monday, following Friday’s big sell-off, after President Joe Biden said economic lockdowns in response to the omicron Covid variant are currently off the table.
The Dow Jones Industrial Average gained 236.6 points to 35,135.94. The S&P 500 added 1.3% to 4,655.27, and the tech-focused Nasdaq Composite rose 1.9% to 15,782.83. The small-cap benchmark Russell 2000, full of the most economically sensitive stocks, fell 0.2% to 2,241.98.
European stocks close higher as fears ease over omicron Covid variant; BT shares up 6%
European stocks closed higher on Monday as concerns over the newly discovered omicron Covid variant appeared to ease.
The pan-European Stoxx 600 provisionally closed up by 0.8% with oil and gas shares climbing 2.2% to lead the gains. Almost all sectors and major bourses traded in positive territory, with stocks looking to rebound from Friday’s sell-off.
Reference: CNBC
Thai
Eng