We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Dow Jumps 700 Points Despite Growing Number Of Omicron Cases
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Dow Jumps 700 Points Despite Growing Number Of Omicron Cases
The Tycoon Herald > Business > Dow Jumps 700 Points Despite Growing Number Of Omicron Cases
BusinessMoney

Dow Jumps 700 Points Despite Growing Number Of Omicron Cases

Tycoon Herald
By Tycoon Herald 4 Min Read
Share
SHARE

Topline

Shares of companies linked to the economic recovery—including airlines, cruises and casinos—led the stock market higher on Monday, with the Dow jumping 2% as investors brushed off rising concerns about the Covid omicron variant.

Contents
ToplineKey FactsCrucial Quote:Tangent:Surprising Fact:Key Background:Further Reading:

The market rebounded strongly after last week’s omicron-induced sell-off.

Richard Drew/ASSOCIATED PRESS

Key Facts

The Dow Jones Industrial Average rose 2%, nearly 700 points, while the S&P 500 gained 1.4% and the Nasdaq Composite 1%. 

Stocks rebounded strongly Monday from last week’s sell-off, when all three major indexes finished in the red and stock market volatility surged due to the new Covid omicron variant.

While markets took a hit after the first case of omicron was reported in the United States last Wednesday, stocks have more recently clawed back some losses as investors piled into shares of companies that continue to benefit from a reopening of the economy.

Airline stocks were among the biggest gainers on Monday, with United rising 11.5%, American 11% and Delta 9%. 

Shares of major cruise lines and casino operators also rallied: Norwegian Cruise Line, Royal Caribbean Group and Carnival all jumped more than 10% while Wynn Resorts gained nearly 8%.

Big tech stocks—many of which remain at relatively high valuations—continued to struggle, meanwhile, extending losses from last week as investors ditched shares.

Crucial Quote:

“Historically, December has been a great month for stocks, but now we have the Omicron variant causing major volatility and uncertainty,” says Ryan Detrick, chief market strategist for LPL Financial. “Still, we remain optimistic that the new worries will subside over the coming weeks and stocks will finish 2021 on a solid note.”

Tangent:

Shares of electric vehicle maker Rivian rose nearly 7% on Monday after several major Wall Street banks initiated coverage of the stock. Analysts remain largely bullish on the company, predicting that Rivian can successfully “challenge” billionaire Elon Musk’s Tesla and become its next big competitor. While some firms argued that Rivian is “redefining” the electric vehicle market, others highlight that the stock’s sky-high valuation leaves “little room for error.”

Surprising Fact:

Shares of vaccine makers Moderna and Pfizer fell nearly 16% and 5%, respectively, on Monday as markets continued to await further updates on the omicron variant.

Key Background:

The new omicron variant has been recently identified in 17 states domestically and over 40 countries worldwide. The new threat has been compounded by a steep surge in Covid cases across the United States, primarily due to the delta variant. The World Health Organization first labeled omicron as a “variant of concern” on November 26.

Further Reading:

Here’s Why Rivian Can Successfully ‘Challenge’ Tesla, According To These Major Firms (Forbes)

Is The Era Of Stay-At-Home Stocks Over? Here’s Why Zoom, Peloton And Others Have Slumped In 2021 (Forbes)

Dow Rebounds Over 600 Points Despite Second U.S. Omicron Case (Forbes)

Here’s What Wall Street’s Biggest Banks Predict For Stocks In 2022—And What To Watch For (Forbes)

You Might Also Like

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

How To Make A Funds: 12 Simple Methods To Do It (The Full Information) – Dollarsanity

10 Outdated-Normal Cleansing Suggestions from Grandma – Dollarsanity

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

TAGGED:MoneyThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
‘Empire’ Star Bryshere Grey’s Buddy Says He Wants Psychological Assist, Not Jail
Entertainment

‘Empire’ Star Bryshere Grey’s Buddy Says He Wants Psychological Assist, Not Jail

Bryshere Grey He Wants Assist, Not Jail!!! Buddy Regrets Submitting Grievance as Star's Dropped by Reps Revealed July 12, 2025 4:32 PM PDT | Up to date July 12, 2025…

By Tycoon Herald 5 Min Read
England beat India in final-ball thriller to finish T20I collection on a excessive with report ladies’s run chase at Edgbaston of 168
July 13, 2025
Jason Momoa Seen at Horrific Milwaukee Automobile Accident
July 13, 2025
Vietnam received an early commerce take care of Donald Trump. Was it price it?
July 13, 2025
Baltic Sea Darts Open 2025: Rob Cross dumped out, Luke Humphries survives scare
July 13, 2025

You Might Also Like

Wedding ceremony On A Funds: Get K-Like Wedding ceremony For K or Much less – Dollarsanity
Money

Wedding ceremony On A Funds: Get $30K-Like Wedding ceremony For $5K or Much less – Dollarsanity

By Tycoon Herald 19 Min Read
Astana International Forum 2025: “Connecting Minds, Shaping the Future”
BusinessTrending

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

By Tycoon Herald 3 Min Read
80 Issues I Stopped Shopping for to Save Money Quick and Pay Off Debt – Dollarsanity
Money

80 Issues I Stopped Shopping for to Save Money Quick and Pay Off Debt – Dollarsanity

By Tycoon Herald 38 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Sports

Man Utd 2-1 Rangers: Bruno Fernandes scores stoppage-time winner after Cyriel Dessers equalised late on

Bruno Fernandes scored a stoppage-time winner for Manchester United as they beat Rangers 2-1 at Outdated…

By Tycoon Herald
BusinessReal Estate

Victor F. “Trey” Trahan III, FAIA, Wins The Prestigious 2021 American Prize For Architecture

New England Mixed-Use Development Rendering courtesy of Trahan Architects Victor F. "Trey" Trahan III, FAIA, the…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?