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Stocks Resume Rally for Third Day; Bonds Slide: Markets Wrap

  • Pfizer booster shot shown effective against omicron variant
  • European stocks decline as new Covid restrictions loom
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Risk-Free Assets Displaying Signs of Chaos: Dean Curnutt
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U.S. equities rose Wednesday with the S&P 500 securing its biggest three-day rally of the year.

The benchmark index gained 0.3% and the Nasdaq 100 added 0.4% as fears over the omicron virus variant eased after Pfizer Inc. and BioNTech SE said early lab studies showed a third dose of their Covid-19 vaccine neutralizes the variant.