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US stocks rebound midday after steep Omicron selloff

US stocks rebound midday after steep Omicron selloff

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12.05 pm: Dow adds more than 400 points   US stocks were higher in noon trading, reversing three days of losses, on reports that President Biden will unveil steps to combat the coronavirus (COVID-19) Omicron variant.    At midday, the Dow gained 471 points to 35,403, while the S&P 500 added 52 points at 4,620 and the tech-heavy Nasdaq climbed 193 points to 15,174.

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