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Stocks Surge in Rebound After Volatile Week: Markets Wrap

  • S&P 500 gains, erasing last week’s losses; bonds slide
  • China’s central bank cuts reserve ratio to boost liquidity
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3-Minute MLIV: Jobs Recap, Risk Aversion Signals, Tech RoutSource: Bloomberg
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U.S. equities rebounded from Friday’s selloff as investors took comfort in reports that cases of the omicron variant have been relatively mild. 

The S&P 500 rose 1.2%, erasing last week’s losses, while the technology-heavy Nasdaq 100 gained 0.9%