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US stock indexes rose after the collapse last week


November, 30 2021
watermark Economic news

Yesterday, the US stock market closed with the growth of the main indices, which fell sharply at the end of last week due to the panic reaction of traders to the news of the identification of a new strain of Covid-19.


The World Health Organization (WHO) has given the new strain the name «omicron», stating that it has a greater number of mutations than its predecessors. 


As a result, the Dow Jones Industrial Average rose by 236.6 points to 35,250 points by the close of the market on Monday. The Standard & Poor's 500 rose by 60.65 points to 4,672 points. The Nasdaq Composite added 291.18 points to 157,830 points.


Analysts note that the fall in stock markets last Friday was compounded by even lower than usual activity of traders, since Thanksgiving Day was celebrated in the United States on Thursday. Today, investors continue to wait for clearer information about how quickly the new strain is transmitted and how dangerous it is. The main concern is the possibility of introducing new quarantine restrictions around the world. At the same time, the US has already stated that it does not intend to introduce lockdowns due to the omicron-strain.


Shares of Moderna Inc. rose by 11.8% following the results of trading on Monday, the value of Pfizer Inc. securities. it dropped by 3%. The stock prices of airlines and cruise operators rose, as did the shares of oil companies, which rose in price following the rise in oil prices.


Shares of Twitter Inc. fell 2.7% on Monday after the news of Jack Dorsey's resignation from the post of CEO of the company.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.