Dow jumps 360 points as stocks bounce following Friday’s omicron rout


Stocks rose sharply Monday, reclaiming a chunk of ground lost at the end of last week when the discovery of the omicron variant of the coronavirus that causes COVID-19 sparked the biggest one-day drop for the Dow Jones Industrial Average and S&P 500 in more than a year. The Dow DJIA, +0.36% rose 361 points or 1%, to 35,260, while the S&P 500 SPX, +1.06% advanced 1.3% to 4,651.63. The Nasdaq Composite COMP, +1.53% was up 1.5% at 15,721.32. The Dow dropped more than 900 points for a loss of 2.5% in a holiday-shortened session Friday, while the S&P 500 sank 2.3% and the Nasdaq lost 2.2%.

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