U.S. stocks jumped Thursday, continuing a tumultuous week for markets driven by uncertainty about the potential impact of the Omicron variant on public health and the economy.
Equities rose, with the S&P 500 and Dow Jones Industrial Average more than recouping Wednesday’s losses as of late afternoon. All 11 sectors of the S&P 500 were up, with all but one rising at least 1%. Oil prices and bond yields rose. Investors already confronting rising inflation are now also evaluating the likelihood that Omicron could spur changes in government or monetary policy, which has led to pronounced volatility in recent sessions.