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S&P 500 hits fresh record high as US stocks extend 'Santa Claus rally' to begin last trading week of the year
Investors have become less concerned about the Omicron coronavirus variant's effect on the economy overall as its symptoms appear less severe than Delta's. But airline stocks sold off Monday after carriers canceled thousands of flights over the holiday weekend due to staffing shortages caused by the virus. Cruise line stocks also fell with COVID-19 outbreaks reported on ships recently. Elsewhere in the market, GoDaddy stock rallied 5% after the Wall Street Journal reported activist investor Starboard Value has taken a 6.5% stake worth about $800 million in the web-hosting company. Moderna slipped 3% after the ... (full story)
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