Dow Powers Higher As Omicron Worries Fade; Bitcoin Extends Slide

U.S. stocks traded mixed Monday, while the dollar extended gains against its global peers and oil prices rebounded firmly, as investors entered the week eyeing developments in the Omicron spread while closing tracking inflation data ahead of a key release later this week.

Dr. Anthony Fauci, the nation’s top infectious disease expert, said Sunday that data from South Africa, where the new variant was first discovered, indicates that Omicron may induce milder symptoms than previously forecast, although its rapid spread continues to worry virologists around the world.