‘Omi-whatever’: Variant Grip on Stocks Lasted Just Two Weeks
- S&P 500 rebounds to pre-Thanksgiving level, Stoxx 600 rallies
- Vaccine arsenal and mild symptoms help markets brush off scare
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Less than two weeks after the spread of a new coronavirus variant sent ripples through global stock markets, it’s almost as if omicron never happened.
Equities have quickly rebounded from their recent slump, with the S&P 500 index closing on Tuesday at its highest level since Nov. 24, the last trading day before scientists warned about a potentially more transmissible strain of the virus. In Europe, the benchmark Stoxx 600 has also nearly recovered losses triggered by the omicron variant scare.