The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant.
Investors are waiting for more clues about just how much damage the new strain may do to the economy. The S&P 500 recovered more than half its drop from Friday. Bond yields and crude oil also recovered chunks of Friday’s knee-jerk reaction to run toward safety and away from risky investments.
While the market was steadier, it didn’t return to the full-on rally it had been on before the discovery of the variant now known as omicron.
The S&P 500 rose 60.65 points, or 1.3%, to 4,655.27.
The Dow Jones Industrial Average rose 236.60 points, or 0.7%, to 35,135.94.
The Nasdaq rose 291.18 points, or 1.9%, to 15,782.83.
The Russell 2000 index of smaller companies fell 3.96 points, or 0.2%, to 2,241.98.
For the year:
The S&P 500 is up 899.20 points, or 23.9%.
The Dow is up 4,529.46 points, or 14.8%.
The Nasdaq is up 2,894.55 points, or 22.5%.
The Russell 2000 is up 267.12 points, or 13.5%.