Stocks up in latest jolt on Wall Street’s wild omicron ride

By STAN CHOE
AP Business Writer

NEW YORK (AP) — The latest move in Wall Street’s jolting roller-coaster ride is back up, as stocks, oil and bond yields climb early Wednesday to recover some of their sharp losses from the day before. The S&P 500 was 1.1% higher, following a dizzying sequence where it sank 2.3% on Friday for its worst loss since February, only to rise 1.3% and then fall 1.9%. The wild movements are partly the result of investors struggling to handicap how much damage the newest coronavirus variant will do to the economy. With few concrete answers, investors have been sending markets back and forth as minor clues dribble out.