Markets

US stocks open higher, Dow Jones jumps over 500 points

2021-12-06 15:16:58 GMT (Economies.com)

Most of the US stock indices rose on Monday, lifted by the energy sector as concerns over the Omicron variant eased.

 

US Chief Medical Advisor Anthony Fauci said that the risks of the Omicron variant may have been exaggerated, noting that may be less dangerous than Delta.

 

Cases of Omicron have already appeared in the US, Europe and Asia, but with mild symptoms and no deaths have been reported.

 

The US Department of Labor reported today that the economy has added 210,000 new jobs in November, missing forecasts of 570,000 new jobs, and the unemployment rate fell to 4.2% from 4.6% in September, better than forecasts of 4.5%.

 

As for stocks, Dow Jones rose 1.5% or 523 points to 35,113 as of 15:04 GMT, and S&P 500 rose 0.4% or 18 points to 4,557, while Nasdaq fell 0.6% or 66 point to 15,018.

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