Stocks Rise After Omicron-Driven Selloff

Stocks Rise After Omicron-Driven Selloff

U.S. stocks rose Thursday after a seesaw week, driven by uncertainty about the potential impact of the Omicron Covid-19 variant. The S&P 500 edged up 1.6%, indicating the broad-market index may recoup some losses. The Dow Jones Industrial Average rose nearly 2%, adding more than 600 points, while the Nasdaq Composite gained 0.9%. Source link

Global Markets Drop on Concerns Over New Covid-19 Variant

Global Markets Drop on Concerns Over New Covid-19 Variant

Global equity markets and U.S. stock futures fell after South Africa raised the alarm over a new, fast-spreading strain of the coronavirus, triggering concern about the potential for new travel restrictions or other curbs that could limit economic activity. With U.S. stocks set for a shortened trading session after a one-day Thanksgiving break, market participants … Read more

U.S. Jobless Claims Reach 52-Year Low

U.S. Jobless Claims Reach 52-Year Low

Weekly jobless claims fell sharply to the lowest level in 52 years, reflecting the labor market’s tightening as the economy recovers from the effects of the pandemic. Worker filings for initial unemployment benefits, a proxy for layoffs, dropped 71,000 to 199,000 last week, the lowest level since November 1969, the Labor Department reported Wednesday. Source … Read more

Moderna Stock Plunges as Vaccine Sales, Earnings, Miss Forecasts

Moderna Stock Plunges as Vaccine Sales, Earnings, Miss Forecasts

Text size Vials of the Moderna Covid-19 vaccine. Guillaume Souvant/AFP via Getty Images Moderna shares plunged 12.3% in premarket trading on Thursday after sales of the company’s Covid-19 vaccine fell short of Wall Street analysts’ estimates by more than a billion dollars. The company reported total revenue of $5 billion for the third quarter of … Read more

China Locks 30,000 Visitors Inside Shanghai Disneyland After One Guest Got Covid-19 – The Wall Street Journal

China Locks 30,000 Visitors Inside Shanghai Disneyland After One Guest Got Covid-19 - The Wall Street Journal

China Locks 30,000 Visitors Inside Shanghai Disneyland After One Guest Got Covid-19 The Wall Street JournalShanghai’s Halloween Lockdown Becomes a Disney Nightmare as 30000 Are Detained in Theme Park Virus Scare The Daily BeastShanghai Disneyland tests 33K people for COVID, closes for 2 days after 1 contact Fox NewsHalloween Covid scare forces Shanghai Disney into … Read more

Opinion: I withdrew money from my IRA during Covid. How can I pay it back?

Opinion: I withdrew money from my IRA during Covid. How can I pay it back?

Q.: Hi Dan, I’ll soon be 63. During Covid, I was furloughed from my job and made a withdrawal from my traditional IRA. While I’ve used some of the funds to supplement my cost of living, I would like to return the excess to my IRA. I can make a $7,000 contribution for 2021 but is … Read more