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Dec. 7, 2021, 4:16 p.m. EST

Dow's 1,100-point rally marks best 2 day campaign in at least a year as omicron fears recede

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By Mark Decambre

U.S. stock benchmarks extended a powerful two-session rally Tuesday, as Wall Street 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 -0.02% closed up 492 points, or 1.4%, bringing its two-day tally to 1,138 points, marking the best two-day gain since November of 2020. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.54% also finished with a sharp advance of 2.1% to 4,687, to mark its best day since March 1, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.40% climbed over 3% to clinch its best one-day gain since March 9, FactSet data show. All sectors of the S&P 500 ended in positive territory, with rallies in energy /zigman2/quotes/206420077/composite XLE +1.09% and information technology /zigman2/quotes/207444675/composite XLK -0.69% , areas of the market that have seemed the most beaten down of late, helping to propel U.S. stocks higher.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,160.78
-7.31 -0.02%
Volume: 527.78M
Jan. 27, 2022 5:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,326.51
-23.42 -0.54%
Volume: 3.04B
Jan. 27, 2022 5:00p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,352.78
-189.34 -1.40%
Volume: 4.36M
Jan. 27, 2022 5:16p
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 65.91
+0.71 +1.09%
Volume: 54.45M
Jan. 27, 2022 4:00p
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/zigman2/quotes/207444675/composite
US : U.S.: NYSE Arca
$ 151.38
-1.05 -0.69%
Volume: 19.73M
Jan. 27, 2022 4:00p
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