New York, NY-US stocks rebounded on Monday as concerns over the new Covid variant Omicron subsided.
According to CNBC’s report, OANDA senior market analyst Craig Ahram said, “Reports that Omicron’s symptoms are not so serious are motivating for risk, but it’s too early to get hooked. “. “One has seen this repeatedly since the first news was reported about a week ago. The market is very headline-driven, which is the latest backlash backed by some positive reports. Is. “
“This may be the first of a number of positive data on new variants, but it can also be unusual, and the following are very worrisome to world leaders and various agencies. I could explain why, “he said. “In a week like this, economic data always plays the second fiddle, but after all, the front looks a bit faint and the central bank is in the same position as any other bank.”
The 30 Dow Jones Industrial Averages rose 646.95 points (1.87%) to 35,227.03.
The Nasdaq Composite Index rose 0.93 percent to 15,225.15.
The Standard and Poor’s 500 rose 1.17% to 4,591.67.
The US dollar was mixed, but it didn’t change much. The euro remained around 1.1285 for most of the day and ended at that level. The British pound has risen to 1.3261 by the closing price in New York on Monday. The Japanese yen has fallen to 113.47 yen. The Swiss franc fell to 0.9254.
The Canadian dollar has settled at 1.2762. The Australian dollar remained strong up to 0.7046. The New Zewarand dollar was slightly higher at 0.6751.
Overseas, Germany’s Dax recovered 1.39 percent. Paris-based CAC 40 rose 1.48 percent. In London, the FTSE 100 rose 1.54%.
Hong Kong’s Hang Seng Index fell 417.31 points (1.76%), closing at 23,349.38 on Monday.
At the end of the transaction in Tokyo, the Nikkei 225 fell 102.20 points (0.36%) to 27,927.37.
All Australia’s normal fell 14.60 points or 0.19 percent to 7,529.00
China’s Shanghai Composite fell 18.13 points (0.50%) to 3,589.31.
Dow Jones jumps 647 points because he fears Omicron will subside.
Source link Dow Jones jumps 647 points because he fears Omicron will subside.