US stocks trade mixed as investors assess reports Omicron variant causing 'mild' symptoms



The New York Stock Exchange has a floor.

Spencer Platt is a photographer.

US stocks were mixed on Monday with investors starting the week with reports about the severity of symptoms produced in patients with the new coronaviruses variant Omicron.
The S&P 500 and the Dow Jones Industrial Average held on to their gains. The reports from South Africa and Japan showed that Omicron patients are not experiencing a lot of symptoms. The variant was first identified in South Africa.
"Omicron continues to be a concern, and while there's still a lot more we don't know than we do know about the latest strain, reports continue to suggest that despite the higher transmissibility, its impact has not been nearly as harsh," said Bespoke Investment Group.
Concerns about rising cases of Omicron contributed to a selloff of cryptocurrencies over the weekend, but they were showing signs of stabilization.

The US indexes stood at 9:30 a.m. on Monday.

The shares of the luxury electric vehicle maker fell after it was revealed that it had been subpoenaed by the SEC.
The group that tried and failed to win a copy of the US Constitution at an auction saw its people token spike since it was dissolved.
West Texas Intermediate crude was up by 2.5% to $68.98 per barrel. The price of oil climbed 2.1% to $71.43 per barrel.
The price of gold fell to $1,779.30 per ounce.
The price of the digital currency fell to $48,453.47.

Business Insider has an original article.