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Stock Market Today: Nasdaq Surged as Investors Shrugged Off Omicron - Barron's

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Updated Dec. 7, 2021 4:41 pm ET / Original Dec. 7, 2021 5:41 am ET

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The stock market surged Tuesday, receiving a double booster. The Chinese central bank has moved to loosen monetary policy, while fears around the Omicron Covid-19 variant are easing. 

The Dow Jones Industrial Average rose 492 points, or 1.4%, building on Monday’s 646-point rally. The SP 500 gained 2.1%, while the technology-stock-heavy Nasdaq Composite surged 3%.