Analysis

Omicron Concerns Fade, Indices Rally Near R1

NASDAQ, Dow, and S&P 500 advance, led by a gain in hotels and airlines shares after fears over Omicron decreased. The biggest move comes from American Airlines which jumps 7.88%.

Stocks Rise amid Omicron Fears

NASDAQ, S&P 500, and Dow start the week with slight rises although the US recorded a dozen cases of Omicron variant in about 16 states over the weekend.

Stocks Drop Faintly, Advancing Toward S1

Dow mixed while NASDAQ and S&P 500 fall a bit ahead of US jobs data release. The US is expected to add 550,000 new jobs, slightly higher than October’s number.

Omicron First US Case Confirmed, Indices Slip

NASDAQ, S&P 500, and Dow sink following the discovery of the first Omicron case in the US. Investors fear the new variant may slow down global recovery.

Stocks Still Struggle Below EMA 200

NASDAQ drop while S&P 500 and Dow rebounded near Pivot Point after the Fed considers withdrawing its financial support sooner than expected.

Indices Drop in Response to Moderna CEO Statement

NASDAQ, S&P 500, and Dow slip following Moderna CEO's statement that the current vaccines might be less effective against heavily-mutated Omicron variant.

Stocks Tumble, Triggered by New COVID Variant

NASDAQ, S&P 500, and Dow open lower this week as investors are concerned that the heavily-mutated Omicron variant might affect the global economy.

Indices Plummet after Thanksgiving Holiday

Dow, NASDAQ, and S&P 500 trade low post-Thanksgiving. The discovery of a new heavily-mutated COVID variant in Southern Africa sparks risk aversion.

White House Releases 50M Barrels Oil, Stocks Mixed

NASDAQ, S&P 500, and Dow trade mixed as the White House decided to release 50 million barrels of oil from the Strategic Petroleum Reserve to bring down high gas prices.

Stocks Sink on Powell Renomination

NASDAQ, Dow, and S&P 500 drop following Biden's renomination of Fed's Chairman Jerome Powell for the second term. Meanwhile, Fed governor Lael Brainard was put as vice-chairman.