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Nov. 29, 2021, 4:06 p.m. EST

Dow rises over 230 points, Nasdaq rallies nearly 2% Monday, as stock market recovers a portion of Friday's omicron-led selloff

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By Mark Decambre

U.S. stock benchmarks on Monday staged a partial recovery from Friday's omicron-related selloff to end higher, as President Joe Biden told Americans the fight against the omicron variant of coronavirus won't involve "shutdowns or lockdowns." The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.38% closed up 0.7% to 35,136, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.15% ended with a 1.3% gain to 4,655, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.02% advanced 1.9% to 15,782; but large-capitalization stocks powered the rise of the index, with the Nasdaq-100 index /zigman2/quotes/210598364/realtime NDX +0.17% climbing 2.3%. All closing levels are on a preliminary basisd. In corporate news, Twitter Inc. /zigman2/quotes/203180645/composite TWTR -1.61% co-founder Jack Dorsey on Monday announced that he was stepping down as CEO of the social-media platform effective immediately and would be succeeded by the company's chief technology officer Parag Agrawal. Dorsey also is the CEO of payment processor Square Inc. /zigman2/quotes/205989440/composite SQ -3.75% . Shares of Twitter ended down 2.7% while Square's shares gained 0.4%. Dorsey is seen as a big fan of digital currencies such as bitcoin /zigman2/quotes/31322028/realtime BTCUSD +1.19% . In economic news, pending home sales rose 7.5% in October, compared with September, the National Association of Realtors reported Monday. Economists polled by MarketWatch had projected a 0.7% increase for pending home sales in October.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,166.84
-130.89 -0.38%
Volume: 523.51M
Jan. 26, 2022 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,349.78
-6.67 -0.15%
Volume: 3.05B
Jan. 26, 2022 4:00p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,542.12
+2.82 +0.02%
Volume: 4.80M
Jan. 26, 2022 4:00p
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/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
14,172.76
+23.64 +0.17%
Volume: 1.05M
Jan. 26, 2022 4:00p
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/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 33.62
-0.55 -1.61%
Volume: 16.62M
Jan. 26, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$27.32 billion
Rev. per Employee
$872,601
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/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 110.98
-4.32 -3.75%
Volume: 13.74M
Jan. 26, 2022 4:00p
P/E Ratio
105.94
Dividend Yield
N/A
Market Cap
$53.14 billion
Rev. per Employee
$3.06M
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/zigman2/quotes/31322028/realtime
US : CoinDesk
37,066.13
+434.49 +1.19%
Volume: 0.00
Jan. 26, 2022 4:00p
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