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Strategists Say Market Turmoil From Virus Is Overdone


Omicron’s arrival may have lifted healthcare stocks and hobbled shares of travel companies, but as the dust settles analysts are sounding a note of cautious optimism. 

Defensive pandemic plays roared back at the end of last week as news of the potentially more transmissible coronavirus strain sent markets into a nosedive amid thin Thanksgiving trade. Top Glove Corp., the world’s biggest glove maker, and Moderna Inc. surged, while airlines took a beating.