Investors’ optimism about less severe impacts of the Omicron variant strengthened many indexes on Monday

Updated time: 24 Jan, 2022, 14:32 (UTC+04:00)

Marker news

Investors’ optimism about less severe impacts of the Omicron variant strengthened many indexes on Monday. SP500 climbed 1.2%, DowJones gained 646 points and Nasdaq 0.9%.

Stocks:

Financials: the bank sector rebounded thanks to the rising Treasury yields.

Energy benefited from yesterday's increase of oil prices. Today’s oil surged 4%.

Tech gained as investors bought dip.

Other industries – airlines, cruise lines and hospitality were also in ascendency.

Semiconductor, EV and pharmaceuticals entered the red territory. Nvidia slipped 3%, Tesla and Lucid fell short following regulatory issues while Moderna and Pfizer disappointed investors with the news that development of vaccines could take months.

Crypto:

Easing fears over the Omicron also recovered BTC as investor appetite for risk returned, flat today at $49,146.5. Price action may still be volatile in the upcoming days but long-term holders keeping bullish bets during the selloff may provide BTC bulls. ETH gained 5.07% to trade at $4,343.68.

More than $300 million NFT sales over the past week with almost a quarter demanded for digitalland in the Sandbox metaverse. The runner-up is Dentraland with $6.6 million trade volume.