NEW YORK, Dec 27 — Wall Street stocks mostly gained early today, launching the so-called Santa Claus rally amid hopes the impact of the latest Covid-19 strain will be limited, while travel-related stocks took a hit.
The market’s view is that “Omicron is going to be a nuisance but not a dire strait for the global economy — at least not for long,” said Briefing.com analyst Patrick O’Hare.