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The US stock market surged on Thursday as investors shrugged off concerns of a second Omicron case.
The S&P 500 surged more than 1.6% while the Dow Jones soared more than 600 points.
Concerns about slowing demand for the holiday season caused Apple to fall.
The US stock market surged on Thursday as investors shrugged off concerns of the CDC identifying a second case of the Omicron COVID-19 variant in a Minnesota man.
The man traveled to New York on November 19 for a convention, signalling that the variant has likely been spreading in the country for weeks undetected. There are still many unanswered questions about the variant, including how deadly and transmissible it is, and whether current vaccines protect against it.
President Biden's plan to avoid another round of economic shut downs to combat the new variant will likely boost stocks on Thursday.
The US indexes stood at 4:00 pm. The close is on Thursday.
The Omicron variant could end the COVID-19 epidemic if investors take advantage of the recent sell-off.
Apple fell as much as 3% on Thursday after a report said that demand for its phones is falling. Apple's shares finished the day down just 0.40%.
The metaverse investment theme is growing in popularity, with Ark Invest's Cathie Wood calling it a multi-trillion dollar opportunity that will infiltrate every sector.
The Sandbox platform took the lead from other NFT platforms in sales of virtual land last week.
Last month, Musk sold more than $10 billion ofTesla, making him the most valuable person in the world. Jeff Bezos is selling Amazon stock, and Microsoft CEO Satya Nadella sold half of his stake in the company.
The SEC continues to favor futures-based bitcoin exchange traded funds, but Fidelity is launching a spot fund in Canada this week.
The price of West Texas Intermediate crude oil rose as much as 2.5%. The international benchmark for crude oil, called Brent, jumped as much as 2% to $70.42 per barrel.
The price of gold fell as much as 0.89%.
Business Insider has an original article.
