12/7/2021, 5:55 PM (Source: TeleTrader)
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Wall Street extends gains, Dow up over 500 points

Stocks on Wall Street extended gains on Tuesday with the Dow Jones soaring more than 500 points as fears over the Omicron variant subsided. Top US epidemiologist Anthony Fauci stated that he is "almost certain" the Omicron strain doesn't cause more severe symptoms than the Delta variant of COVID-19.

The Dow Jones rallied 1.52% or 537 points at 11:54 am ET. Intel, up 4.34% at 12:01 pm ET, led the gains.

The Nasdaq 100 surged 2.80% at 11:56 am ET. The best performer was Pinduoduo whose shares skyrocketed 13.88%.

The S&P 500 climbed 2.08% at the same time.

The euro lost 0.32% against the dollar to go for 1.12473 at 11:57 am ET with Fortinet jumping 8.54% at 12:01 pm ET.

Baha Breaking the News (BBN) / NP