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Dec. 7, 2021, 9:38 a.m. EST

Dow rises nearly 400 points and Nasdaq Composite surges 2.2% early Tuesday as omicron fears subside

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By Mark Decambre

U.S. stock benchmarks gained sharply for another session as investors focused on early reports that the omicron variant of coronavirus that causes COVID-19 is less severe than originally feared. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.29% was climbing 1.1%, or nearly 400 points, at 35,623, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.28% climbed 1.4% to reach 4,657, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.63% rose 2.2% to 15,545. On the corporate front, Intel shares /zigman2/quotes/203649727/composite INTC -0.19% surged 5.6%, amid a plan to list shares in its Mobileye self-driving-car unit. Meanwhile, shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +0.67% rose 2.1% Tuesday, after the air carrier said Chief Executive Doug Parker will retire, effective March 31, 2022, after about nine years in the role.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,364.50
+99.13 +0.29%
Volume: 678.12M
Jan. 24, 2022 5:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,410.13
+12.19 +0.28%
Volume: 3.89B
Jan. 24, 2022 5:04p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,855.13
+86.21 +0.63%
Volume: 5.82M
Jan. 24, 2022 5:16p
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/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 51.94
-0.10 -0.19%
Volume: 64.20M
Jan. 24, 2022 4:00p
P/E Ratio
10.08
Dividend Yield
2.68%
Market Cap
$211.65 billion
Rev. per Employee
$709,530
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 16.41
+0.11 +0.67%
Volume: 59.95M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$10.56 billion
Rev. per Employee
$290,964
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