Wall Street jumps at open after Omicron-driven rout

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FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly/File Photo

November 29, 2021

(Reuters) – Wall Street’s main indexes opened higher on Monday as investors rushed to take advantage of steep virus-driven losses, while Twitter shares surged on report that chief Jack Dorsey is expected to step down.

The Dow Jones Industrial Average rose 118.37 points, or 0.34%, at the open to 35,017.71. The S&P 500 opened higher by 34.13 points, or 0.74%, at 4,628.75, while the Nasdaq Composite gained 227.77 points, or 1.47%, to 15,719.42 at the opening bell.

(Reporting by Devik Jain in Bengaluru)

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