Dow’s 1,100-point rally marks best 2 day campaign in at least a year as omicron fears recede

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U.S. stock benchmarks extended a powerful two-session rally Tuesday, as Wall Street focused on early reports that the omicron variant of coronavirus that causes COVID-19 is less severe than originally feared. The Dow Jones Industrial Average DJIA, +1.40% closed up 492 points, or 1.4%, bringing its two-day tally to 1,138 points, marking the best two-day gain since November of 2020. The S&P 500 index SPX, +2.07% also finished with a sharp advance of 2.1% to 4,687, to mark its best day since March 1, while the Nasdaq Composite Index COMP, +3.03% climbed over 3% to clinch its best one-day gain since March 9, FactSet data show. All sectors of the S&P 500 ended in positive territory, with rallies in energy XLE, +2.34% and information technology XLK, +3.49%, areas of the market that have seemed the most beaten down of late, helping to propel U.S. stocks higher.

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

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