Rate this post by selecting a number. 1 is the worst and 5 is the best.

Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3809 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Monday, December 13, 2021 - 2:41 pm:    Omicron concerns in the trading mix The stock market registered some huge gains last week, so it is difficult to discern if today's weakness stems more from an inclination to take some money off the table after a big run or from genuine concerns about the Omicron variant after the UK warned that it is seeing it spread at a "phenomenal rate" and encouraging people to work from home if they can. It is probably a combination of both. The S&P 500 surged 3.8% last week as market participants grew more comfortable with the idea that current vaccines and a booster shot can help protect against the Omicron variant leading to severe disease. Nonetheless, the UK plea to work from home is a reminder that Omicron, while not particularly virulent, can still be a drag on productivity that impedes growth. Additionally, the UK report is likely to exacerbate worries for many about raising one's risk of contracting the variant by traveling, eating out, and/or partaking in social events.