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Stocks Finish Higher After Omicron-Driven Selloff

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The Dow rose about 600 points and the S&P 500 added more than 1% despite uncertainty about the Omicron variant's potential impact on the economy

U.S. stocks jumped Thursday, continuing a tumultuous week for markets driven by uncertainty about the potential impact of the Omicron variant on public health and the economy.

Equities rose, with the S&P 500 and Dow Jones Industrial Average more than recouping Wednesday’s losses. All 11 sectors of the S&P 500 were up, with all but one rising at least 1%. Oil prices and bond yields rose. Investors already confronting rising inflation are now also evaluating the likelihood that Omicron could spur changes in government or monetary policy, which has led to pronounced volatility in recent sessions.

 

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