Dow flies 600 pts at close, erases week of losses

Monday, 06. December 2021 22:00

The major stock market benchmarks in the United States closed the session with sharp gains on Monday, with the Dow Jones Industrial Average soaring over 640 points as the investors seemingly brushed off the concerns over the spread of the coronavirus' Omicron variant. In its best performance since March, the 30-constituent index made up for the losses recorded the week prior.

In business news, BuzzFeed had a mixed debut on Nasdaq, initially rising as high as 16% only to finish the session deep into the red.

The Dow Jones surged 1.87%, or 646 points, at the close with Walgreens Boots Alliance soaring 3.8%. The Nasdaq 100 ended the session 0.85% in the green, with Baidu skyrocketing 7.47%. At the closing bell, the S&P 500 gained 1.18%. Norwegian Cruise Line Holdings ballooned 9.51% as the index's top performer. The euro lost 0.24% versus the dollar at 3:59 pm ET, selling for 1.12824.

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