Investors’ optimism about less severe impacts of the Omicron variant strengthened many indexes on MondayUpdated time: 24 Jan, 2022, 14:32 (UTC+04:00)
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%.
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.
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.