Closing Wall Street Comments For December 02, 2021
The DOW closed up 618 points as market volatility from omicron continues but remains down 1175 points from the November 26 Omicron scare selloff. Today’s green volume is higher than yesterday appearing some BTFDer are buying making it difficult to determine if the selloff has finished or a bit more to go. WTI crude settled at 66.82 remaining far below the 85 plus high of several sessions ago. The selloff volume seen on the 26th. was not nearly as high as it could have been indicating much of the selling was from Robinhood-type investors.
