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The Dow Jones Industrial Average on Monday afternoon was on track for its best point and percentage gain in more than a year, as investors bought a recent dip in stocks that has been at least partly precipitated by fears of the COVID omicron variant and worries about Federal Reserve policy. Monday’s gains saw the Dow DJIA, +2.17% rise 2.1%, or 713 points, which would mark the sharpest percentage gain for the 30-stock index since Nov. 9, 2020 when it gained 834 points, or 2.95%, FactSet data show.
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