Trading is expected to be quiet, but potentially volatile, this week as the omicron coronavirus variant continues to spread quickly throughout the U.S. and overseas. However most big investors have closed out their positions for 2021, and are like to hold their ground until next week.
The major indexes posted weekly gains last week as fears ebbed about the potential impact of omicron outbreaks. However, much is still uncertain about the variant, which is spreading extremely quickly, leading to a return to pandemic restrictions in some places.The price of U.S. crude oil rose 2.7%, continuing its climb higher this month. Energy companies like Devon Energy and Diamondback Energy were among the biggest gainers in the S&P 500.
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