U.S. indices on Monday took back some losses from Friday’s selloff over fears of the Omicron variant.
The S&P; 500 was up 1.6% to 4,665.91 in midday trading Monday.
The Dow Jones Industrial Average increased 1% to 35,236.18, while the Nasdaq rose 2.1% to 15,813.19.
Crude oil climbed 4.5% to $71.23.
Gold fell 0.2% to $1,785.20.
The yield on a 10-year Treasury was up 3.1% to 1.53%.
Irvine electric vehicle maker Rivian Automotive Inc. (Nasdaq: RIVN) rose 6.9% to $119.79 for a market cap of $106.1 billion. Deliveries to some of the automaker’s SUV customers has reportedly been pushed to somewhere between May and July of next year.
Irvine urology-focused medical device company Axonics Inc. (Nasdaq: AXNX) slipped 6.1% to $54.95 for a market cap of $2.5 billion. The company is still up 6.2% since the start of the year.