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4:03 p.m. ET: Tech stocks lead rebound rally after Biden says Omicron ‘not a cause for panic’: Nasdaq gains 1.9%. Here were the main moves in markets as of 4:03 p.m. ET:
Stocks traded mixed to pause after a two-day rally, as investors further considered updates around the Omicron variant and weighed a potential policy pivot by the Federal Reserve.
Boston Consulting Group Global Chair Rich Lesser joins Yahoo Finance Live to discuss companies' decisions to delay return to office plans, the Omicron variant's impact on businesses, workplace ...
The market is likely to see very volatile trading into year end as investors price in the omicron variant taking hold globally. 3 reasons why the stock market hates the Omicron variant [Video ...
An estimated $27 billion of the increase was due to the $600/week increase in unemployment benefits due to the CARES Act. [20] On May 20, 2021, the Labor Department reported that there had been only 444,000 unemployment claims during the previous week, the lowest number since the beginning of the pandemic. [21]
Stocks rose on Monday, with investors further weighing the potential impacts of the Omicron variant after last week's volatile trading. Bitcoin prices edged marginally lower after a weekend sell-off.
On 27 February, due to mounting worries about the coronavirus outbreak, various U.S. stock market indices including the NASDAQ-100, the S&P 500 Index, and the Dow Jones Industrial Average posted their sharpest falls since 2008, with the Dow falling 1,191 points, its largest one-day drop since the 2007–2008 financial crisis.
Moderna CEO Stephane Bancel told the Financial Times that the company's current COVID-19 vaccine would likely see a "material drop" in effectiveness against the Omicron variant, while noting more ...