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Stock Markets Steady as Omicron's Impact Is Assessed - The New York Times

Business | Markets rise as investors reconsider the unknowns of the Omicron variant.

  • Published Nov. 29, 2021 Updated Nov. 30, 2021

9:30 A.M. E.T., Dec. 13 Dec. 14 –2.0 –1.0 0.0% U.S. stock indexes at market close SP 500 Dow Nasdaq

Global markets steadied on Monday, with stocks on Wall Street and oil prices gaining, as investors contemplated more carefully the knowns and unknowns of a new Covid-19 variant.

The SP 500 rose 1.3 percent, rebounding from a 2.3 percent drop on Friday. That was its worst day since February and came after initial news of the discovery in southern Africa of the new variant, called Omicron. The World Health Organization labeled it a “variant of concern,” its most serious category.