The Dow rose 325 points, or 0.9% around mid-morning. The S&P 500 (SPX) climbed 0.5%, having pared some gains. Similarly, the Nasdaq Composite (COMP) was also up0.5%. All three benchmarks are on track for decent gains this year.

Both the Dow and the S&P will outpace last year's performances. But that said, the catalysts driving stocks lower on Monday are still present. The losses came on the heels of soaring Covid cases as the Omicron variant is slamming Europe and the United States.

Bitcoin was up 5% around mid-morning, according to CoinDesk data. "Investors may be getting into a speculative mood," said JJ Kinahan, chief market strategist at TD Ameritrade. "Additionally, cryptocurrencies which have recently been correlated with 'risk on' investments are seeing rallies as well," he said.
Posted by PE peichmann
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