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November 30, 2021

Stocks rise following omicron slide

By DAMIAN J. TROISE, STAN CHOE and PAUL WISEMAN
AP Business Writers

NEW YORK — Wall Street steadied itself Monday after last week's stock market slide caused by the newest coronavirus variant, with investors now waiting for more clues about just how much damage it may do to the economy.

The S&P 500 rose 1.3% to recover more than half of its drop from Friday, which was its worst since February. Bond yields and crude oil also recovered chunks of what they lost in traders' knee-jerk reaction to run toward safety and away from risky investments.


 
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