US stocks mostly higher but travel stocks tumble | Malay Mail

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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. Infections from the Omicron variant have soared in recent days, but health...

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.

 

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