Stocks rise as Wall Street steadies following omicron slide

By DAMIAN J. TROISE, STAN CHOE and PAUL WISEMAN
AP Business Writers

NEW YORK (AP) — The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant. Investors are waiting for more clues about just how much damage the new strain may do to the economy. The S&P 500 ended 1.3% higher, recovering more than half its drop from Friday. Bond yields and crude oil also recovered chunks of Friday’s knee-jerk reaction to run toward safety and away from risky investments. While the market was steadier, it didn’t return to the full-on rally it had been on before the discovery of the variant now known as omicron.