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Slee49
2021-12-30

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U.S. Stocks Open Flat as Dow Aims to Extend Its 5-day Winning Streak

U.S. stocks were little changed early Wednesday morning following a mixed session as traders continu

U.S. Stocks Open Flat as Dow Aims to Extend Its 5-day Winning Streak

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They have since rebounded, however, with the S&amp;P 500 up 4.8% for December.The market has shown resiliency in the past few weeks as traders weigh the omicron variant and potentially tighter monetary policy from the Federal Reserve next year, Virtus Investment Partners’ Joe Terranova told CNBC’s “Closing Bell” on Monday.He noted, though, that the “risk profile of the market is clearly changing” due to the potential for higher volatility in the new year.The market is “gravitating toward a more qualitative holding,” Terranova said. “I don’t think the market wants the speculative areas in which investors have been rewarded the last couple of years. 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The country’s seven-day average of cases is also at 231,888 cases, more than triple the mean from Nov. 27.However, the Centers for Disease Control and Prevention this week shortened its isolation recommendation for people who test positive from 10 days to five if they don’t have symptoms. Research from South Africa also suggests that omicron infections can boost immunity against the delta variant.Stocks were under pressure in late November, when news of the omicron variant first broke. 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U.S. Stocks Open Flat as Dow Aims to Extend Its 5-day Winning Streak

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