Wall Street’s rebound accelerates with Dow gaining 700 poin; European stocks close lower in another volatile session amid omicron fears 
Stocks rebounded sharply on Thursday, following a omicron-driven sell-off in the previous session, as cyclical names made back some of their recent losses. 
The Dow Jones Industrial Average gained 700 points, helped by a 7% uptick in Boeing’s stock. The S&P 500 rose 1.7%. The technology-heavy Nasdaq Composite gained 1.2%. The small-cap benchmark Russell 2000, full of the most economically senstive names, added 2.9%. 
Apple’s stock dropped after Bloomberg News reported the tech giant is experiencing slowing iPhone demand ahead of the all-important holiday season. 
On the data front, initial jobless claims totaled 222,000 for the week ended Nov. 27. Economists were expecting a print of 240,000, according to estimates from Dow Jones. The prior reading showed 199,000 first-time filers, which was the lowest since November 1969. 

The pan-European Stoxx 600 fell 1.1%, with tech stocks plunging 3.8% to lead the losses as almost all sectors and major bourses slid well into the red. 
At the top of the Stoxx 600, Vifor Pharma shares surged 21% on reports that Australian biotech giant CSL is in talks to buy the Swiss group for around $10 billion. 
Source: CNBC, Investing.com