Stocks traded sideways on Wednesday’s market open, as trading volumes drop ahead of the Christmas holidays. By 10 am ET, the DOW Jones Industrial average have creeped higher, gaining 38 points, the S&P 500 increased a modest 6 points, and the Nasdaq was up 24 points.
Investors are still looking at the pace of the spread of the Omicron variant. The concern over the pandemic will likely dominate the trading this week. So far, infections are doubling every three days.
With the virus spreading faster, more countries could impose lockdowns, hurting global growth as a result.Markets are also sensitive to potential […]
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