S&P 500 Up As Cyclicals, Tech Bounce on Easing Omicron Worries By Investing.com – Investing.com

S&P 500 Up As Cyclicals, Tech Bounce on Easing Omicron Worries By Investing.com – Investing.com

By Yasin Ebrahim

Investing.com – The S&P 500 climbed Monday, led by a surge in cyclical stocks and turnaround in tech as positive updates on the Omicron variant of Covid-19 renewed investor optimism about the economic recovery.

The rose 1.5%, the gained 2.2%, or 744 points, the Nasdaq climbed 1.1%.