Stocks started the week with a bang as investors shook off worries about omicron.
 | MON, DEC 06, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 165.32 | +3.48 | +2.15% | | INTC | 50.99 | +1.74 | +3.53% | | MSFT | 326.19 | +3.18 | +0.98% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 165.32 | +3.48 | +2.15% | | F | 19.22 | +0.08 | +0.42% | | CCL | 18.59 | +1.39 | +8.08% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 165.32 | +3.48 | +2.15% | | AMD | 139.06 | -4.95 | -3.44% | | NVDA | 300.37 | -6.56 | -2.14% | |
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Stocks started the week with a bang as investors shrugged off fears about the omicron variant of Covid-19. The Dow led Monday's market rally, leaping more than 770 points during the session as investors initially traded riskier tech names for those linked to the recovering economy. It ended the day about 647 points higher. The tech-heavy Nasdaq, which began the day in the red, closed 0.9% higher. The S&P 500 gained 1.1%. Leisure and hospitality stocks saw the biggest advances across the market. United Airlines rose 8.3%. Norwegian Cruise Line rose 9.5%. Marriott gained 4.4%, and Hilton rose about 4%. Airbnb jumped 8.4%.  Despite ending the day in positive territory, the Nasdaq lagged the other averages, weighed down by the health care and tech sectors. Moderna fell 13.4%. AMD and Nvidia were off by 3.4% and 2.1%, respectively. The major averages came off a losing week as investors navigated worries about Covid-19, but those fears subsided after White House Chief Medical Advisor Dr. Anthony Fauci said initial data on the omicron variant is "encouraging" and that "thus far it does not look like there's a great degree of severity to it. Craig Erlam, senior market analyst at OANDA, said it's "too soon to get carried away" and that despite Monday's rally, the markets could be in for another week of volatility unless more data on the variant emerges. |
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