Investors have also been busy shifting money between sectors as the close of the year approaches and they prepare for higher interest rates in 2022. Outbreaks of virus have intensified in South Korea, China and Australia and cases of the omicron variant have been expanding in other parts of Asia that had largely brought infections under control. Governments in Asia and Europe have tightened travel controls or pushed back plans to relax curbs already in place. Uncertainty over the latest variant’s impact on the economy is likely to cause more stock market swings. But prospects for a solid rebound going forward are being clouded by the rapid spread of the latest variant of the coronavirus. economy grew at a 2.3% rate in the third quarter, slightly better than previously thought. Stripe, Civic Center / UN Plaza, United States of America, City and County of San Francisco, Townsend Street, 510:, ,. The Commerce Department on Wednesday said the U.S. The latest surge in coronavirus cases because of the omicron variant has been hanging over markets, along with concerns about rising inflation and its impact on economic growth. Many world markets will be closed Friday in observance of Christmas.
Major indexes are still on track for a Christmas week gain, with trading thinning as the holidays approach. Technology companies and a mix of retailers led the gains. The Russell 2000, a measure of small-company stocks, rose 0.9% to 2,221.90. On Wednesday, the S&P 500 rose 1% to 4,696.56, the Nasdaq rose 1.2% to 15,521.89 and the Dow Jones Industrial Average rose 0.7% to 35,753.89. The Shanghai Composite index also rose 0.1% to 3,627.19. In Hong Kong, the Hang Seng edged 0.1% higher to 23,132.20. Window.ta=window.BANGKOK (AP) - Asian shares were modestly higher Thursday after stocks advanced on Wall Street with encouraging reports about the potential impact of the omicron variant of coronavirus and stronger U.S.
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