U.S. Stocks Start Higher, Regain Footing After Slump Friday

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By Associated Press
November 29, 2021

The marketplace stumbled Friday aft quality astir the dispersed of the caller Omicron COVID variant.

Stocks are opening with wide gains connected Wall Street Monday arsenic markets regain their footing pursuing a large stumble connected Friday connected worries astir the dispersed of the caller variant of the coronavirus. Signs of fearfulness successful the marketplace besides ebbed arsenic traders regained their appetite for riskier assets. 

The S&P 500 roseate 1.1%, and the tech-heavy Nasdaq clawed backmost 1.3%. Both fell much than 2% connected Friday. Crude lipid prices jumped 6.7% and enslaved yields climbed back. European markets were besides higher, portion Asian markets closed mostly lower. The output connected the 10-year Treasury enactment roseate to 1.56%.

Additional reporting by The Associated Press.