U.S. stock indexes rose Monday as markets reopened after the Christmas holiday and investors assessed the spread of the omicron Covid-19 variant.
dipped more than 3%.
However, market strategists remained positive on the overall equity outlook amid the surge in Covid cases. New studies"We do not expect Omicron to impact the growth outlook in any significant way, but rather it is likely to accelerate the end of the pandemic," JPMorgan's Dubravko Lakos-Bujas said in a note Monday.that cases of Covid-19 are likely going to keep surging as the omicron variant rapidly spreads across the globe. Fauci warned against getting complacent.
"Every day it goes up and up. The last weekly average was about 150,000 and it likely will go much higher," Fauci said on ABC's "This Week." in 2021 from last year, the fastest pace in 17 years, according to Mastercard data. The results came despite a backdrop of supply chain disruptions, higher prices and the omicron variant in the last few weeks of shopping.that activist investor Starboard Value LP took a 6.5% stake in the domain registrar.to close out a year in which the S&P 500 has gained more than 26%.
The benchmark index historically gains during the Santa Claus rally period — the final five trading days of the current year and the first two of the new year.
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