Wall Street stocks rallied for a second straight session Tuesday as investors cheered early indications that the latest Covid-19 variant may be less severe than earlier rounds. The tech-rich Nasdaq Composite Index, which lagged other major indices Monday, led with a three per cent jump to 15,686.92. The Dow Jones Industrial Average climbed 1.4 per cent to 35,719.43, while the broad-based S&P 500 gained 2.1 per cent to 4,686.75. After worries about the Omicron variant pushed major indices into the red last week, stocks have been on the rise this week as fears of a worst-case scenario ebb. Top US scientist Anthony Fauci told AFP that while Omicron is highly contagious, "it almost certainly is not more severe than Delta."
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