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Wall Street Opens Sharply Higher as Omicron Fears Recede; Dow up 400 Pts -Breaking

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© Reuters

Geoffrey Smith 

Investing.com — U.S. stock exchanges opened strongly higher Tuesday, as traders raced to buy the latest dip, hoping that Covid-19 will not be disruptive economically.

At 9:45 ET (1445 GMT), there was a 409 point increase, or 1.2%. The was also up 1.6%, and up 2.2%.

The Omicron strain was identified in South Africa. It is thought to cause a milder illness than its Delta counterpart, which has been blamed for the majority of the deaths from Covid-19 over the past 21 months. Due to its high infectiousness and less burden on the public health system around the world, a strain that is dominant could accelerate the process toward herd immunity. This would help to end the pandemic earlier.  

 

 

 

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