Stocks Rise After Omicron-Driven Selloff

U.S. stocks bounced back Thursday, while Treasury yields edged down.

Stock Market Today, Wall Street

12/2/2021 8:25:00 PM

The Dow gained more than 600 points, rebounding from yesterday's Omicron-driven selloff as the market's weeklong volatility continued

U.S. stocks bounced back Thursday, while Treasury yields edged down.

Updated Dec. 2, 2021 11:23 am ETU.S. stocks wavered Thursday after a seesaw week, driven by uncertainty about the potential impact of the Omicron Covid-19 variant.The S&P 500 edged up 0.8%, indicating the broad-market index may recoup some losses. The Dow Jones Industrial Average rose 1.4%, while the Nasdaq Composite hovered near the flatline.

Read more: The Wall Street Journal »

Majority of borrowers say taking on federal student loan debt is not worth it, CNBC survey finds

A new CNBC + Acorns Survey finds more than half of federal student loan borrowers now say taking on that debt was not worth it. Read more >>

European stocks drop as Omicron fears keep markets on edgeEuropean stock indexes opened lower on Thursday, reversing gains from the previous session as a lack of information about the Omicron variant of COVID-19 left markets volatile, and as investors also bet on faster Fed tapering.

Here’s What Wall Street’s Biggest Banks Predict For Stocks In 2022—And What To Watch ForMost forecasts remain cautiously optimistic about the market’s prospects next year but warn of below average returns.

Stocks making the biggest moves midday: Kroger, Boeing, Dollar General and moreThese are the stocks posting the largest moves in midday trading. Here’s my situation with Kroger…ordered $12,500 in gift cards so my nonprofit can give them to families in need. Money was wired 18 days ago and they couldn’t find it until yesterday. Haven’t gotten an email saying they’ve been shipped and was laughed at by customer service.

Boeing drives S&P, Dow futures higher after Omicron drubbingFutures tracking the Dow and the S&P 500 rose on Thursday, led by gains in planemaker Boeing and travel stocks, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets.

European stocks drop as Omicron fears keep markets on edgeEuropean stock indexes opened lower on Thursday, reversing gains from the previous session as a lack of information about the Omicron variant of COVID-19 left markets volatile, and as investors also bet on faster Fed tapering.

Oil rises on views OPEC+ may pause supply addition amid Omicron fearsOil prices rose on Thursday, reversing the previous day's losses, on expectations OPEC+ may pause supply additions amid growing concern the spread of the Omicron coronavirus variant could weigh on the global economy and fuel demand. Gotta keep those prices high!