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Oil prices and U.S. stock futures gained, indicating that those markets might recoup some losses from Friday’s selloff as investors monitored the likely implications of a new variant of Covid-19. 

Futures for the S&P 500 gained 0.6% Monday. The index suffered its worst one-day percentage decline since February on Friday after South Africa identified a fast-spreading strain of the coronavirus, which the World Health Organization has named Omicron. Contracts for the tech-focused Nasdaq-100 gained 0.9% Monday and futures for the Dow Jones Industrial Average added 0.4%.

Source: WSJ

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