Investors' nerves are easing as stocks are rising. This optimism, which also prompted a rally in stocks Monday, can in part be put down to signs that Omicron, a heavily mutated variant of the virus that causes Covid-19, isn’t as severe as was once feared.
🚗Tesla reversed Monday's losses and ended the day mostly unchanged. News of the SEC probe initially sent Tesla shares down as much as 6.4% on Monday. That was more than 20% off their recent 52-week high on Nov. 4, meaning they were in a bear market.
💸Intel (ticker: INTC) jumped near 9% in the U.S. premarket trade following news that the chip maker would be taking its Mobileye self-driving car unit public.
🚀Nvidia (NVDA) rose 3% in the premarket, with the maker of graphics processing units set to pare losses from a near 10% slide across the last five days.
It looked like we might be on the verge of something big and bad. Maybe we'd get some horrible omicron numbers over the weekend. But when nothing bad happened! We finally got the inevitable oversold bounce!!!
🆙🆙🆙Market bounce may not be finished, stocks can go higher this week!!
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