Researchers have found that people infected with the Omicron coronavirus variant were less likely to be hospitalised.

US economic data boosted markets ahead of Christmas, setting major stock indexes up to recoup their Monday losses and end the holiday-shortened week positive.

The Dow Jones Industrial Average gained 270 points, or 0.76%, Thursday.

The S&P 500 gained 0.7% to 4,729, surpassing its previous high of 4,712, while the Nasdaq Composite gained 0.9%.

Recent Omicron news was mostly positive. The Omicron variant was found to be more infectious but less severe by researchers at the University of Edinburgh and Imperial College London.

Those infected with Omicron were also less likely to be hospitalised, according to the National Institute for Communicable Diseases in South Africa.

The FDA approved Pfizer's Covid-19 antiviral pill on Wednesday, giving the pandemic a new weapon. On Thursday morning, the FDA approved another Merck oral treatment (MRK).

The Dow Jones Industrial Average gained 270 points, or 0.76%, Thursday.

The BEA released November personal income and consumption expenditures on Thursday morning. Consumer earnings rose 0.4% and spending increased 0.6%. The consensus forecast was for 0.6% and 0.5% increases.

The core personal consumption expenditure (PCE) price index rose 0.5 percent in November, bringing the year-over-year increase to 4.7 percent. This compares to a 4.2% annual increase in October and a 4.5% forecast for November.

Thursday's rise in oil prices mirrored the stock market's rise. WTI crude rose 0.2 percent to $72.90 a barrel.

The 10-year Treasury note yield rose to 1.49 percent on Thursday. Yields rise as prices fall, indicating investor risk appetite.

Latin america might just "leapfrog" usa in crypto !

People are going crazy over these crypto chocolates