Evidence suggests the pandemic has made U.S. drivers more reckless — more likely to speed, drink or use drugs and to leave their seatbelts unbuckled.Markets had slipped the previous two weeks over several concerns, including rising inflation, the newest coronavirus variant and how both issues could affect economic growth. Stocks steadied this week after comments from Dr.
The tech-heavy Nasdaq had also been down in the early going before bouncing back to gain 100.07 points and end at 15,786.99. A wide range of travel-related companies gained ground in a sign that investors are confident that the industry will continue its recovery despite the threat from the Omicron variant.
Technology companies accounted for a big slice of the S&P 500’s gains, though Apple’s 2.3% rise did a lot of the heavy lifting as its weighting gives it a large influence on the sector. Other big tech companies fell, including chipmaker Nvidia, which dropped 1.9%, and Intel, which closed 1.6% lower.
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