World stock markets are rallying as concerns about the potential severity of the Omicron variant ease.
In New York, the Dow Jones industrial average has jumped by 521 points, or 1.5%, in early trading back to 35,748 points. That’s close to its levels before Thanksgiving, just before the emergence of Omicron spooked markets.
The broader S&P 500 index has gained 1.7%, with technology stocks, travel companies and oil producers all higher.
Weston Blasi
(@westonblasi)
Dow surges over 400 points as a rebound from omicron fears extend on Wall Street pic.twitter.com/yAAgYaplTB
December 7, 2021
Bloomberg Markets
(@markets)
U.S. stocks open higher https://t.co/HReA6SBhRz pic.twitter.com/JbXjzHvzIA
December 7, 2021
European markets are pushing higher too, with Germany’s DAX and France’s CAC up around 2.5%. That follows gains in Asia-Pacific markets earlier, where Japan’s Nikkei gained…
