Dow industrials rally surge on Monday puts blue-chip, stock-market index on track for best day in over a year

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The Dow Jones Industrial Average on Monday afternoon was on track for its best point and percentage gain in more than a year, as investors bought a recent dip in stocks that has been at least partly precipitated by fears of the COVID omicron variant and worries about Federal Reserve policy. Monday’s gains saw the Dow DJIA, +2.18% rise 2.1%, or 713 points, which would mark the sharpest percentage gain for the 30-stock index since Nov. 9, 2020 when it gained 834 points, or 2.95%, FactSet data show. The session’s gain was being powered primarily by advances in UnitedHealth Group Inc. UNH, +2.76%, Goldman Sachs Group Inc. GS, +2.54%, Home Depot HD, +2.09% and Visa Inc. V, +3.82%. Only shares of Nike Inc. NKE, -0.36%, salesforce.com CRM, -0.44% and Verizon Communications Inc. VZ, -0.44% were trading in negative territory among the Dow’s components in afternoon trade.

This article was originally published by Marketwatch.com. Read the original article here.

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