Stock Market Today: Optimism on Omicron Gives Stocks a Kick

"Encouraging" preliminary data on the omicron strain's severity sparked every market sector to gains on Monday.

up arrows on stock chart
(Image credit: Getty Images)

The Dow Jones Industrial Average and the other major indexes enjoyed a caffeinated start to the trading week as some encouraging commentary about the COVID omicron strain went a long way toward re-energizing the bulls.

White House Chief Medical Advisor Anthony Fauci told CNN on Sunday that while preliminary data shows that omicron "has a transmission advantage" in South Africa, "thus far it does not look like there's a great degree of severity to it."

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.