Wall Street indexes opened higher, putting stocks on course to stabilize after last week’s Omicron-variant selloff. Here’s what we’re watching in Monday’s trading:
- Vaccine makers said they were assembling teams of scientists to assess the new Omicron strain of Covid. Shares of
- New Covid restrictions are rattling the travel industry again, although airlines said the busy Thanksgiving weekend generally went smoothly.
were up in morning trading.
- Cruise lines
were also recovering from some of their big declines last week.
- Crude prices were also clawing back some of last week’s drop, and energy producers were climbing.
rose, as did oil-services company
got a boost last week as investors considered the prospect of an extended period of remote work. That trade was partially reversing early Monday.
- Bitcoin was also on the rise, up 1.4% from its price on Sunday to $57,090.63.
shares gained, and bitcoin miners
and Hut 8 Mining ticked higher.
and Ridgeback Biotherapeutics on Friday said a final analysis of their experimental Covid-19 pill found the drug less effective than an early look, prompting U.S. health regulators to continue a staff review of the drug’s application days before an outside panel meets.
Chart of the Day
- Private-equity firms have announced a record $944.4 billion worth of buyouts in the U.S. so far this year, more than double the volume of the previous peak in 2007.
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