Wall Street ends higher in robust rebound from Omicron-driven sell-off | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

NEW YORK, Dec 3 — A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic. All three US indexes advanced, with investors favoring value over...

NEW YORK, Dec 3 — A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic.

“We went 29 days in a row in the S&P 500 without a 1 per cent change, up or down, but boom - Omicron hits and five days we’ve had this blast of volatility,” said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina. The Omicron variant has spooked markets for about a week, hitting travel-related stocks particularly hard as a patchwork of new restrictions were enacted around the globe, but those companies were bouncing back in Thursday’s session.Jobless claims and planned layoffs data provided further evidence that employers are increasingly disinclined to hand out pink slips amid a tight labor market, the result of booming demand colliding with worker scarcity and low labor market participation.

“We’re optimistic we’ll have another strong number, suggesting the economy continues to be on very firm footing,” Detrick added. “We’re watching wage growth for any hints of potential inflationary worries.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ya'juj dan Ma'juj berada di dalam sebuah gua besar, yang mengarah ke bawah bumi. Mereka akan keluar melalui sebuah ruang. Zulqarnain AS telah membina tembok di ruangan ini sehingga memerangkap mereka dari dalam. Ini adalah dari mimpi Muhammad Qasim.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street closes lower as Omicron and inflation worry investors | Malay MailWASHINGTON, Dec 2 — Wall Street closed lower on Wednesday after a morning rally faded as investors fretted about the latest coronavirus variant and the first evidence of its US arrival while they also digested Federal Reserve Chair Jerome Powell’s comments on surging inflation. After having...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street closes lower as Omicron and inflation worry investors | Malay MailWASHINGTON, Dec 2 — Wall Street closed lower on Wednesday after a morning rally faded as investors fretted about the latest coronavirus variant and the first evidence of its US arrival while they also digested Federal Reserve Chair Jerome Powell’s comments on surging inflation. After having...
Source: malaymail - 🏆 1. / 86 Read more »

Australia Omicron count edges higher, health authorities on edge | Malay MailSYDNEY, Dec 2 — Australia’s tally of people with the new Omicron variant of Covid-19 edged higher on Thursday, prompting state governments to bolster domestic border controls as health experts wait to learn more about the dangers posed by the strain. The country’s most populous state, New...
Source: malaymail - 🏆 1. / 86 Read more »

Indonesia tightens travel curbs as it braces for Omicron arrival | Malay MailJAKARTA, Dec 2 — Authorities in Indonesia have tightened border curbs, extended quarantine and limited movement on strategic toll roads, in a preemptive move to limit the spread of the Omicron Covid-19 variant should it reach South-east Asia’s largest country. Scientists suggest Omicron,...
Source: malaymail - 🏆 1. / 86 Read more »

Factories facing supply headaches as Omicron risks emerge | Malay MailLONDON, Dec 1 — Global factory activity accelerated in November although crippling supply bottlenecks remained, putting a cap on output and driving up the cost of raw materials, according to surveys published today. Towards the end of the month, the newly-detected Omicron coronavirus variant...
Source: malaymail - 🏆 1. / 86 Read more »

Opec+ weighs output policy as Omicron fears hammer prices | Malay MailLONDON, Dec 2 — Opec and its allies will decide today whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a US release from oil reserves and fears over the new Omicron coronavirus variant. Brent oil prices tumbled to around US$70 (RM296) a barrel,...
Source: malaymail - 🏆 1. / 86 Read more »