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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 -0.56% closed up 0.7% to 35,136, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.08% ended with a 1.3% gain to 4,655, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.59% 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 +0.75% climbing 2.3%. All closing levels are on a preliminary basisd. In corporate news, Twitter Inc. /zigman2/quotes/203180645/composite TWTR -0.67% 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 -2.67% . 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 -1.67% . 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
35,911.81
-201.81 -0.56%
Volume: 0.00
Jan. 14, 2022 5:16p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,662.85
+3.82 +0.08%
Volume: 0.00
Jan. 14, 2022 5:16p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,893.75
+86.94 +0.59%
Volume: 0.00
Jan. 14, 2022 5:16p
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/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
15,611.59
+115.98 +0.75%
Volume: 0.00
Jan. 14, 2022 5:16p
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/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 38.44
-0.26 -0.67%
Volume: 0.00
Jan. 14, 2022 4:02p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$30.74 billion
Rev. per Employee
$872,601
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/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 133.29
-3.66 -2.67%
Volume: 0.00
Jan. 14, 2022 4:00p
P/E Ratio
126.50
Dividend Yield
N/A
Market Cap
$61.48 billion
Rev. per Employee
$3.06M
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/zigman2/quotes/31322028/realtime
US : CoinDesk
42,292.10
-719.16 -1.67%
Volume: 0.00
Jan. 17, 2022 3:25p
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