Stocks Open Higher as Seesaw Moves on Omicron Continue

U.S. stocks and oil prices rose, suggesting markets would claw back some losses sparked by worries over the Omicron variant and the unwinding of Federal save stimulus.

Investors have little to go on as they estimate whether the variant will rule to renewed restrictions in the U.S. and in other places and, if so, how governments and central edges would respond to sustain the economy. Though drugmakers have said the variant first identified in southern Africa looks like it could make existing vaccines less effective, they expect to be able to update the shots. Investors say a return to complete-extent lockdowns is doubtful.

Source: WSJ

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