The Dow rebounds over 600 points despite the second U.S. omicron case by skleb1234
The Dow Jones Industrial Average rose 1.8%, over 600 points, to 34,640 while the S&P 500 gained 1.4% to 4,577 and the Nasdaq Composite 0.8% to 15,381. Wednesday after the CDC confirmed the first case of the new Covid omicron variant had arrived in the United States.
Market volatility has surged since last Friday as investors assess the new variant: Wall Street’s preferred fear gauge, the CBOE Volatility Index, recently spiked above 30—levels not seen since markets slumped in January amid a winter surge in Covid-19 cases.
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