Wall Street’s main indexes climbed on Wednesday (December 22) in a broad rally after upbeat economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.
Stocks gained for a second straight session as volatility has ratcheted up in the last month of 2021 following the arrival of Omicron and an otherwise strong year for equities.
According to preliminary data, the S&P 500 gained 47.50 points, or 1.02%, to end at 4,696.73 points, while the Nasdaq Composite gained 180.81 points, or 1.18%, to 15,521.89.
The Dow Jones Industrial Average rose 262.58 points, or 0.74%, to 35,755.28.
(Production: Aleksandra Michalska, Chris Dignam)