Bank stocks took a hit after the Omicron variant emerged, but it has still been a good year to be a bank investor
The KBW Nasdaq Bank Index, which measures the performance of big lenders including JPMorgan Chase & Co. and Bank of America Corp., was up nearly 44% in 2021 before Thanksgiving. At that rate, the KBW far outpaced the gains in the broader S&P 500 index, which was up about 25%.
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Small-Cap Stocks Hit Hard by Covid-19 Omicron VariantThe Russell 2000 benchmark has dropped 7.4% since Thanksgiving, when the fast-spreading new variant made headlines. Last week, the index fell into a correction, declining more than 10% from its November record.
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European stocks head for higher open as omicron variant, bitcoin volatility watchedEuropean stocks are expected to open higher on Monday as investors continue to monitor developments around the omicron Covid variant and bitcoin volatility.
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Stock futures rise slightly after a rebound in markets as investors reassess omicron riskThe overnight session followed a comeback on Wall Street that saw the blue-chip Dow gain nearly 650 points.
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Omicron! What Omicron?A look at the day ahead from Saikat Chatterjee.
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