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Investor's Business Daily

Dow Jones Futures Dive As Moderna CEO Predicts Less Effective Vaccines For Omicron Variant

Dow Jones futures dived more than 500 points early Tuesday before paring losses, as Moderna chief Stephane Bancel predicted existing vaccines will be less effective for the Omicron variant. The stock market bounced after Friday's omicron Covid-19 sell-off, as President Joe Biden ruled out new lockdowns. Electric-vehicle stocks Li Auto, Lucid Motors, Rivian and Tesla raced higher Monday.
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CNBC

5 things to know before the stock market opens Monday

Here are the most important news, trends and analysis that investors need to start their trading day:. 1. Wall Street set to jump after Friday's omicron-driven plunge. The Dow, after Friday's plunge, was set to bounce more than 300 points to start the week as investors monitor the highly mutated Covid omicron variant. The 30-stock average sank 905 points, or 2.5%, in Friday's post-holiday shortened session, in a global sell-off triggered by South Africa's discovery of what the World Health Organization later called a "variant of concern." The S&P 500 tumbled 2.3% and the Nasdaq slipped 2.2%. The three major benchmarks were negative for the week.
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Investor's Business Daily

Dow Jones Rallies After Stock Market Rout; Vaccine Maker Moderna, Tesla Rival Surge

The Dow Jones Industrial Average briefly rallied 350 points Monday before cutting gains, as the major stock indexes rebounded from the stock market sell-off on Friday that was fueled by concerns over the newly identified omicron coronavirus variant. Vaccine maker Moderna and Tesla rival Li Auto surged after the open, while electric-vehicle stocks Rivian and Tesla bounced after Friday's losses.
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CNN

Stocks rebound after Omicron plunge

New York (CNN Busines) — Stocks made a comeback Monday, bouncing back from the steep selloff at the end of last week, when investors feared the Omicron Covid variant could disrupt the global economic rebound. Reports of the new Omicron variant of the coronavirus brought back memories of last summer...
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Stock Market Today: Tesla Snips S&P, Nasdaq Win Streaks

A tenacious stock market rally finally stumbled on a light-news Tuesday. The day's core piece of economic data was focused on inflation: The Labor Department said October's producer price index (PPI) was up 0.6% month-over-month, and 8.6% year-over-year – the fastest rate of growth in wholesale prices in more than a decade (though inline with economists' expectations).
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