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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 -1.38% 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 -1.66% 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 -2.21% 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 +0.19% and information technology /zigman2/quotes/207444675/composite XLK -2.11% , 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
35,416.93
-494.88 -1.38%
Volume: 249.91M
Jan. 18, 2022 2:28p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,585.54
-77.31 -1.66%
Volume: 1.65B
Jan. 18, 2022 2:28p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,564.19
-329.57 -2.21%
Volume: 3.05M
Jan. 18, 2022 2:28p
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 64.63
+0.12 +0.19%
Volume: 29.24M
Jan. 18, 2022 2:27p
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/zigman2/quotes/207444675/composite
US : U.S.: NYSE Arca
$ 162.26
-3.50 -2.11%
Volume: 7.52M
Jan. 18, 2022 2:28p
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