Dollar gains, equity rally stalls as caution returns – Reuters

Dollar gains, equity rally stalls as caution returns – Reuters

NEW YORK (Reuters) - World stock markets stalled at two-week highs and oil prices fell on Thursday as increased restrictions in parts of the world to contain the spread of the Omicron COVID-19 variant tempered investor optimism about the economic recovery.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 8, 2021. REUTERS/Brendan McDermid

European shares closed lower after opening higher, while stocks on Wall Street were mostly in the red and Japan’s blue-chip Nikkei stock index slipped almost half a percent.