Wall Street rebounds after virus-linked sell-off
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Thursday
July 07, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
THURSDAY, JULY 07, 2022
Wall Street rebounds after virus-linked sell-off

Global Economy

Reuters
30 November, 2021, 11:20 am
Last modified: 30 November, 2021, 11:24 am

Related News

  • Wall St Week Ahead: Investors brace for pivotal July after dismal first half
  • Wall Street ends down, pulled lower by growth stocks
  • Wall Street set to crawl higher under shadow of recession fears
  • Wall Street banks raise prime rates to match Fed's hike
  • Wall Street watchdog to laid-off crypto employees: work for us

Wall Street rebounds after virus-linked sell-off

Biden said on Monday that Omicron-related lockdowns were off the table for now and he urged Americans not to panic about the variant

Reuters
30 November, 2021, 11:20 am
Last modified: 30 November, 2021, 11:24 am
Photo: Reuters
Photo: Reuters

Wall Street stocks closed higher on Monday, regaining some of the ground they lost in Friday's sell-off, as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden.

The Nasdaq led gains among the major averages with help from the technology sector, while the S&P and the Dow advanced after suffering their biggest one-day percentage declines in months in Friday's holiday-shortened session as investors worried that the latest Covid-19 variant would cause economic disruption.

Biden said on Monday that Omicron-related lockdowns were off the table for now and he urged Americans not to panic about the variant. However, he did recommend vaccination and mask wearing indoors to combat the virus and said the United States was working with pharmaceutical companies to make contingency plans if new vaccines were needed.

Those comments and indications from drug companies that they are taking the variant seriously were reassuring for investors, who had been anxious about the potential for further Covid restrictions.

World+Biz

Wall Street / virus

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BPC looks for $2b as fuel stock depletes fast
    BPC looks for $2b as fuel stock depletes fast
  • Photo: Unicef
    Nearly 10% of global population affected by hunger last year: UN
  • Call money rate hits 5.48% amid rising cash demand ahead of Eid
    Call money rate hits 5.48% amid rising cash demand ahead of Eid

MOST VIEWED

  • Photo: Unicef
    Nearly 10% of global population affected by hunger last year: UN
  • Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
    India's cryptocurrency industry reels as new tax hammers trading
  • The Gap logo is seen on the front of the company's store in Paris, France, July 1, 2021. REUTERS/Sarah Meyssonnier/File Photo
    Reliance to partner with Gap for India stores
  • Skyscrapers in The City of London financial district are seen in London, Britain, September 14, 2020. Photo: Reuters
    UK markets brace for prolonged political uncertainty
  • An exterior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan on 12 October 2017. Photo: Reuters
    Russian court orders one of world’s largest pipelines to suspend operations
  • The government controls traffic growth with a series of quotas, taxes and duties that can push up the cost of a car.Photographer: Nicky Loh/Bloomberg
    Singapore's sky-high car prices are warning for global cities

Related News

  • Wall St Week Ahead: Investors brace for pivotal July after dismal first half
  • Wall Street ends down, pulled lower by growth stocks
  • Wall Street set to crawl higher under shadow of recession fears
  • Wall Street banks raise prime rates to match Fed's hike
  • Wall Street watchdog to laid-off crypto employees: work for us

Features

The sea beach in Kuakata. Photo: Syed Mehedy Hasan

Five places in Southern Bangladesh you could visit via Padma Bridge

15h | Explorer
Genex Infosys Limited is the country's largest call centre with more than 2,000 seats and full-set equipment. Photo: Courtesy

How domestic demand made Genex Infosys a BPO industry leader

15h | Panorama
The OPEC+ group of 23 oil-exporting countries met virtually on Thursday. Photo: Bloomberg

OPEC+ did its job, but don’t expect it to disappear

1d | Panorama
Mirza Abdul Kader Sardar with AK Fazlul Haque, Chief Minister of Bengal, at Haque's reception at the Lion Cinema, Dhaka, 1941. Photo: Collected

Panchayats: Where tradition clings to survival

1d | Panorama

More Videos from TBS

Behind the story of 'Aske Amar Mon Bhalo Nei'

Behind the story of 'Aske Amar Mon Bhalo Nei'

4h | Videos
Is Donbas Putin’s next target?

Is Donbas Putin’s next target?

7h | Videos
Hajj Journey: it took more than one year to complete the Hajj

Hajj Journey: it took more than one year to complete the Hajj

8h | Videos
Photo: TBS

Cristiano Ronaldo looking for a new challenge

14h | Videos

Most Read

1
Photo: Collected
Africa

Uganda discovers gold deposits worth 12 trillion USD

2
TBS Illustration
Education

Universities may launch online classes again after Eid

3
Area-wise load shedding schedule will be announced: PM
Bangladesh

Area-wise load shedding schedule will be announced: PM

4
Padma Bridge opens up investment spree in south
Industry

Padma Bridge opens up investment spree in south

5
Build Dhaka East-West Elevated Expressway, relocate kitchen markets: PM
Bangladesh

Build Dhaka East-West Elevated Expressway, relocate kitchen markets: PM

6
File Photo: BSS
Energy

India pulls out of LoC funding for part of Rooppur power transmission work

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
A customer checks a knife at a blacksmith’s shop at the capital’s Karwan Bazar. Knives and other Qurbani tools are in huge demand as the country prepares to celebrate Eid-Ul-Azha. Photo: Rajib Dhar

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net