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3 mins read
Forget reopening. The new COVID variant has 'stay-at-home' stocks rebounding.
Little is known about the new COVID strain except it may be vaccine-resistant. Meanwhile traders ar…
Ben Winck
2 mins read
Dow plunges 905 points as new coronavirus variant stokes fears of stalled global recovery
Major indexes sold off in a shortened session as traders feared a new virus variant would derail th…
Carla Mozée
1 min read
Investors bought $6.7 billion of stocks in last week's Omicron dip, the highest inflow in 4 years, according to Bank of America
BofA said investors during the Omicron sell-off purchased stocks in eight of the S&P 500's 11 secto…
Carla Mozée
1 min read
The Omicron selloff was the 2nd-biggest day of retail buying of US stocks ever, research firm says
Retail investors bought a near-record $2.04 billion in stocks during the November 26 market rout, s…
Carla Mozée
2 mins read
Billionaire investor Bill Ackman says it's bullish for stocks if Omicron variant symptoms are mild
Bill Ackman made more than $2 billion through savvy trades around the time of the first coronavirus…
Harry Robertson
2 mins read
'A black Black Friday': Here's what analysts are saying as global stocks plunge on fears about new COVID variant
US stocks slid when markets opened Friday after a new, highly mutated COVID variant was identified …
Harry Robertson
1 min read
Dow falls 700 points as new coronavirus variant threatens to derail global economic recovery
Travel-related stocks sold off sharply, while shares of vaccine makers and stay-at-home stock plays…
Carla Mozée
2 mins read
Cruise and airline stocks sell off as global health officials track new coronavirus variant with 'large number of mutations'
"What we do know is that this variant has a large number of mutations," said a WHO official about t…
Carla Mozée
1 min read
Pandemic-related stocks from Zoom to Moderna jump as new coronavirus variant raises alarms and triggers lockdowns
The stock prices of vaccine makers Moderna and Pfizer surged Friday along with stay-at-home stocks …
Isabelle Lee
3 mins read
US futures jump as fears about Omicron COVID-19 variant cool after Friday's massive stock sell-off
Investors may be taking heart from weekend developments, including signs that Omicron symptoms are …
Harry Robertson
2 mins read
Merck jumps 10% as the drugmaker says its antiviral pill cuts the risk of hospitalizations and deaths in COVID patients
Merck already has a deal to supply 1.7 million courses of antiviral pill molnupiravir to the US gov…
Carla Mozée
3 mins read
US stock futures drift ahead of jobs data, while Biden tightens travel rules as Omicron spreads; oil rises 3%
As Omicron spread, Biden tightened travel rules, but stock investors focused on monthly jobs data l…
Amanda Cooper
3 mins read
Global shares slammed by fears over new COVID variant, as Dow futures lose almost 900 points and South African rand hits 1-year low
The Swiss franc and gold soared, as investors sought out safe-haven assets in the face of uncertain…
Amanda Cooper
3 mins read
Global shares edge up as investors shrug off a more hawkish Fed, while Europe's COVID-19 cases hit the euro
With COVID-19 cases exploding across Europe, the euro traded at its lowest in 17 months against the…
Amanda Cooper
2 mins read
Zoom plunges as much as 17% as the lifting of coronavirus restrictions weighs on its revenue forecast
Zoom's chief financial officer said the lifting of COVID restrictions meant the company's small cus…
Harry Robertson
3 mins read
Global stocks rise as downbeat data fail to dent investor optimism, while oil recovers from the Hurricane Ida fallout
Investors are upbeat despite Caixin data showing Chinese factory activity fell into contraction, as…
Shalini Nagarajan
2 mins read
Reopening stocks from airlines to cruise operators are getting hammered as Delta strain drives surge of infections
The CDC on Monday advised Americans to avoid traveling to the UK because of rising coronavirus case…
Carla Mozée
1 min read
Stocks climb after jobless claims hit the lowest point since the coronavirus outbreak
The 444,000 new unemployment filings last week came in below the consensus economist estimate.
Carla Mozée
4 mins read
Indian markets open flat amid mixed global cues
Indian benchmark indices Nifty50 and Sensex opened on a flat note on Wednesday, amid mixed global c…
3 mins read
US stock futures dip as investors eye Big Tech earnings, while Asian equities slide on escalating Chinese clampdowns
Tesla's earnings beat on late Monday afternoon has been followed by an almost 3% rise for its stock…