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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 -1.44% 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 -1.48% 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 -1.81% 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 +0.03% and information technology /zigman2/quotes/207444675/composite XLK -1.57% , 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
35,394.15
-517.66 -1.44%
Volume: 151.67M
Jan. 18, 2022 11:40a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,593.92
-68.93 -1.48%
Volume: 985.63M
Jan. 18, 2022 11:40a
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,624.52
-269.23 -1.81%
Volume: 1.87M
Jan. 18, 2022 11:40a
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 64.53
+0.02 +0.03%
Volume: 17.47M
Jan. 18, 2022 11:40a
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/zigman2/quotes/207444675/composite
US : U.S.: NYSE Arca
$ 163.15
-2.61 -1.57%
Volume: 4.45M
Jan. 18, 2022 11:40a
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