Wall Street’s tech shares reach 3pct | MENAFN.COM

Monday, 24 January 2022 02:16 GMT

Wall Street’s tech shares reach 3pct


(MENAFN) On Tuesday, Dec. 7 Wall Street reassembled steeply for the second day in a row, with high-flying strategy stocks soaring as 3 percent, as shareholders' concerns about the Omicron variant of Covid-19 faded.

The Nasdaq Composite index, which includes companies like Facebook, Apple, Amazon, Netflix, and Google, rose 462 pts, or 3 percent, to 15,687, the highest 24-hours rise from March. Earlier in the session, the Nasdaq gained nearly 1 percent.

Craig Erlam, strategist at digital trading server OANDA stated, " Time will tell whether investors are getting ahead of themselves but a couple of days without a negative Omicron headline has the dip buyers flooding back in."

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