Good evening.
Stocks and crypto bounce back, Jack Dorsey steps down as Twitter CEO, and why Omicron might be bullish for markets.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Monday after Biden said the Omicron variant won’t result in ‘shutdowns or lockdowns’.
Stocks had their worst Black Friday on record at the end of last week, with the Dow suffering its worst day of the year.
Now, investors are relieved that Omicron will likely cause less damage to the global economic recovery than initially feared.
The crypto market gained on Monday, with Bitcoin trading near $58k, as November comes to a close.
Catch Up
Twitter co-founder Jack Dorsey steps down as CEO.
Bill Ackman says the Omicron variant could give U.S. stocks a boost if symptoms turn out to be less severe.
Microsoft CEO Satya Nadella sold about half of his shares in the company last week.