{"id":55829,"date":"2021-11-30T01:07:32","date_gmt":"2021-11-29T21:07:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55829"},"modified":"2021-11-30T01:07:40","modified_gmt":"2021-11-29T21:07:40","slug":"tech-shares-save-wall-street-from-omicron-dilemma","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/tech-shares-save-wall-street-from-omicron-dilemma\/11\/30\/market-updates\/","title":{"rendered":"Tech Shares Save Wall Street from Omicron Dilemma"},"content":{"rendered":"\n<p>Bargain buying in technology stocks has driven Wall Street higher on Monday following a collapse related to Omicron strain, while the Dow Jones lagged its peers as major banks fell and investors awaited more information on the new coronavirus variant.<br><br>The S&amp;P technology subindex jumped 2.1%, indicating that investors were likely favoring pandemic-resistant technology stocks amid growing fears of Omicron.<br><br>Gains in Amazon.com and Tesla also drove the S&amp;P consumer discretionary sector 1.7% higher, with investors viewing Friday&#8217;s losses as a cue for bargain hunting into high-value tech names.<br> <br>Wall Street indexes had slumped between 2.0% and 3.5% on Friday following news of the Omicron variant.  <br> <br>The Dow Jones Industrial Average was up 136.63 points, or 0.39%, at 35,035.97 and the S&amp;P 500 was up 50.66 points, or 1.10%, at 4,645.28. The Nasdaq Composite was up 232.46 points, or 1.50%, at 15,724.11.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bargain buying in technology stocks has driven Wall Street higher on Monday following a collapse related to Omicron strain, while the Dow Jones lagged its peers as major banks fell and investors awaited more information on the new coronavirus variant.The S&amp;P technology subindex jumped 2.1%, indicating that investors were likely favoring pandemic-resistant technology stocks amid &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7192,6901,8166,516,7442,6862],"class_list":["post-55829","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dow","tag-nasdaq","tag-omicron","tag-sp-500","tag-us-shares","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55829"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55829\/revisions"}],"predecessor-version":[{"id":55833,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55829\/revisions\/55833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53440"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}