Dow Jones rises for the second consecutive session, ignoring Omicron’s concerns


US stocks rose on Wednesday, posting gains for a second day in a row, as markets extended their recovery from a three-day losing streak on concerns about the omicron pivot.Where the Dow Jones Industrial Average rose 261.33 points, equivalent to 0.7%, to close at 35,754.03 levels, bringing its two-day rise to more than 800 points.

The S&P 500 rose 1% to close at 4,696.55, and the Nasdaq Composite rose 1.2% to close at 15,521 amid relatively thin trading volumes before the holiday. Tesla shares jumped more than 7%, after Elon Musk said he had reached his goal of selling 10% of his stock for tax reasons.

On the other hand, the US Food and Drug Administration approved the use of Pfizer’s drugs in the treatment of Corona, becoming the first oral treatment for the Corona virus in America, and Pfizer’s shares rose by about 1% at the conclusion of today’s session.

“News flow is negative in the near term, due to the Omicron injury wave causing economic disruptions, but investors are increasingly looking beyond the next few weeks,” Adam Crisavoli, founder of Vital Knowledge, said in a note.At a press conference on Tuesday, US President Joe Biden urged Americans to get booster doses, and reiterated that the United States would not restore the strict lockdowns that were imposed at the start of the pandemic.





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