Here are the top news, trends and analysis that investors need to start their trading day:
daw, after landing on Friday, Set to bounce 200 pips to start the week as investors watch the highly mutating Covid omicron variant. average 30 shares sank 905 points, or 2.5%, in Friday’s brief post-holiday session, in a global sell-off sparked by South Africa’s discovery of what the World Health Organization later described as a “worrying alternative”. The Standard & Poor’s 500 decreased 2.3% and Nasdaq down 2.2%. The three major indicators were negative for this week. After Friday’s sharp slide, the 10-year treasury bond yield It was up over 1.54% on Monday. Oil prices in the United States It rose 5% to more than $71 a barrel on Monday after falling 13% on Friday. Bitcoin It rose 4% to over $57,000 on Monday after sinking to nearly $53,500 last week.
White House Chief Medical Adviser Anthony Fauci delivers his opening statement to the Senate Health, Education, Labor and Pensions Hearing on “Next Steps: The Way Forward to Respond to COVID-19” on Capitol Hill in Washington, November 4, 2021.
Elisabeth Frantz | Reuters
The White House’s chief medical advisor, Dr. Anthony Fauci, said on Sunday that Americans should be prepared to do so “Anything and everything” To fight omicron. The variant contains many mutations in the spiky protein that allows the virus to enter the body, and some of these mutations can lead to increased antibody resistance and transmissibility. However, Fauci said it will take about two weeks to get more specific information about the omicron’s transmissibility, intensity and other properties. Fauci, the top US infectious disease expert, told ABC’s “This Week” that it was still “too early to say” whether shutdowns or new mandates were appropriate.
International travelers wearing personal protective equipment (PPE) arrive at Melbourne’s Tullamarine Airport on November 29, 2021 as Australia records its first cases of the Omicron variant of Covid-19.
William West | AFP | Getty Images
The World Health Organization urged Countries around the world are not imposing a flight ban on South African countries due to concerns about omicron. The US plans to restrict travel for non-US citizens from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi. The variant is found in the UK, Israel, Belgium, the Netherlands, Germany, Italy, Australia and Hong Kong. However, omicron has not yet been found in America. Fearing the new travel ban, airline stocks tumbled on Friday. But they were wearing higher in Monday’s trading, along with broader strength in stocks.
A Moderna sign is seen outside their headquarters in Cambridge, Massachusetts on March 11, 2021.
Boston Globe | Getty Images
Vaccine makers, including modernAnd Pfizer And Johnson & Johnson, they said they are studying Omicron even when it remains to be seen how the variant responds to existing shots or whether new combinations are needed. Moderna said it may introduce a reformulated vaccine as early as next year. Moderna CEO Stephane Bancel told CNBC Monday that he expects current vaccines to be less effective against omciron. Bancel also said that while the variant is likely present in most countries, travel restrictions could slow the spread and save lives.
People shop at the Polaris Fashion Place Mall during Black Friday on November 26, 2021 in Columbus, Ohio.
Matthew Hatcher | Getty Images
It is estimated that retailers will be born in the United States Online sales reach $11.3 billion On Cyber Monday, lower growth from the previous year dented discounts and limited options due to global supply chain disruptions deterring shoppers. Traffic in retail stores on Black Friday By 28.3% compared to 2019, as Americans shifted more of their spending online and started shopping earlier in the year, according to preliminary data from Sensormatic Solutions. However, Black Friday traffic is up 47.5% from last year.