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Matthew Fox
08 Dec 2021, 03:34

Nasdaq soars 3% as US stocks erase nearly all Omicron losses

Nasdaq soars 3% as US stocks erase nearly all Omicron losses

Nasdaq soars 3% as US stocks erase nearly all Omicron losses

Oil prices surged again on Tuesday as investors now see little chance of Omicron disrupting the global economic recovery.

Investors bought $6.7 billion of stocks in last week's Omicron dip, the highest inflow in 4 years, according to Bank of America
Carla Mozée
08 Dec 2021, 02:28

Investors bought $6.7 billion of stocks in last week's Omicron dip, the highest inflow in 4 years, according to Bank of America

BofA said investors during the Omicron sell-off purchased stocks in eight of the S&P 500's 11 sectors, led by tech names.

Roblox has added nearly $26 billion to its market cap as metaverse mania pushes its value past brands like FedEx and Ferrari
Natasha Dailey
08 Dec 2021, 01:36

Roblox has added nearly $26 billion to its market cap as metaverse mania pushes its value past brands like FedEx and Ferrari

CEO David Baszucki told Bloomberg Roblox could eventually be used to facilitate a frog dissection in biology class.