Stocks bounce back from three-day rout on omicron concerns, Dow rallies more than 500 points

"If omicron induced illness remains mild, which seems to be of some debate, we could see a rally," Lesko added.

The omicron surge has kept investors on edge with the variant now found in at least 43 U.S. states and 90 countries. Officials with the World Health Organization said omicron is more contagious than any previous variant of Covid-19. The blue-chip Dow dropped more than 400 points for its third straight declining session on Monday. The S&P 500 and the Nasdaq Composite both declined more than 1% Monday. The Dow lost nearly 1,000 points over the previous three sessions.

"As we head into the shortened holiday week amid surging omicron cases, continued supply chain pressures and the failure of the Build Back Better plan, increased volatility and thinner trading volumes could cause the market to overreact, which could be a buying opportunity in the run-up to Christmas," said Mark Hackett, Nationwide's chief of investment research.The Senate will vote

on Biden's sweeping social safety net and climate policy bill in January, despite Democratic Sen. Joe Manchin's opposition to it. It is unclear if Democrats will try to pass a smaller bill that includes only parts of the full package.

How Back I m 5 Year Invest Stock Market &Mutual Fund &FD My No Benefits No Something Dollar & Money No In My Bank Account Global Economy & New York Stock Exchange & Mumbai Stock Exchange & Stock Market Broker Company and Stock Broker & Bank & Bank Stuff Biggest Guilty & Teft

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow futures slide 250 points as market worries mountU.S. stock-index futures fell Sunday night, following a losing week on Wall Street amid worries about Fed policy and the fast-spreading omicron variant of... It’s gg tomorrow. Blame it on JoeManchin. Can I please get a synonym for the word ‘mount’
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures slide more than 250 points as market worries mountU.S. stock-index futures fell Sunday night, following a losing week on Wall Street amid worries about Fed policy and the fast-spreading omicron variant of... ...or not Considering it went up over 1000 points in 2 days because Omicron was mild and like a cold 300 points is nothing
Source: MarketWatch - 🏆 3. / 97 Read more »

Jim Cramer says buy FAANG stocks and Microsoft as Covid omicron fears hit markets'As they get hit by the omicron weakness, you've got my blessing to buy all six,' the 'Mad Money' host said. MadMoneyOnCNBC jimcramer Lol, amazing how these stories come out after they’ve loaded their bags….😂😂😂 MadMoneyOnCNBC jimcramer you r the man, my man🤣🤣🤣🤣 howcome they pay you for such idiot advices ?
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks firm after Wall Street rout, but Omicron risks loomAsian shares advanced on Tuesday, shrugging off a bruising Wall Street session, as Chinese markets cheered Beijing's move to help troubled property firms, although surging cases of the Omicron coronavirus variant remain a worry for investors.
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street joins global slump for stocks on Omicron jittersStocks on Wall Street added to their recent string of losses Monday, joining a worldwide slump by financial markets amid worries about how badly the Omicron variant, inflation and other forces will hit the economy.
Source: latimes - 🏆 11. / 82 Read more »