Wall Street moves in no particular order around parity after a positive start to the week. In the first few minutes of trading, the Dow Jones rises by 0.30% to 36,414 points, the S & P500 is barely moved with a + 0.07% on the new all-time high of 4,793 points (after yesterday’s record close for the 69th time since the beginning of the year ), while the Nasdaq is weak showing a -0.26% at 15,829 points.
In a session lacking macro indications, markets are looking to developments on the pandemic to take direction. On the one hand, the rapid spread of the Omicron variant is worrying, on the other, the markets are comforted by the fact that governments do not seem willing to impose restrictions that could slow down the economic recovery.
The Centers for Disease Control and Prevention has suggested reducing the isolation for people who test positive but without symptoms to five days from the current ten. Additionally, a study conducted in South Africa revealed that Omicron infections could help boost immunity compared to the previous Delta strain.