Markets remain choppy amid news headlines about the omicron variant.
Stocks reversed course Thursday, clawing back some of their losses from the previous day in volatile trading as investors continue to assess the new omicron variant’s potential impact on the U.S. economic recovery. “We’ve seen this movie before and Wall Street will likely remain COVID-variant headline driven until a clear assessment over this wave can be made,” according to Ed Moya, senior market analyst at Oanda. Expect the market to react sharply to any negative updates regarding omicron, inflation readings or supply chain issues, he predicts.
