Tuesday, December 7, 2021

Stocks surge as Omicron worries abate following volatile week | Al Jazeera

U.S. equities rebounded from Friday’s selloff as investors took comfort in reports that cases of the omicron variant have been relatively mild.



The S&P 500 rose 1.2%, erasing last week’s losses, while the technology-heavy Nasdaq 100 gained 0.9%.

The mood across markets was calmer on Monday as investors pointed to good news from South Africa that showed hospitals haven’t been overwhelmed by the latest wave of Covid cases. However, the Cboe volatility index remained elevated.

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