News > Global stocks retreat from gains, oil dips as investors reassess COVID look-ahead

Global stocks retreat from gains, oil dips as investors reassess COVID look-ahead

Firstpost | 31/12/2021 10:34 PM | Click to read full article

Indian equity benchmarks Sensex and Nifty50 closed on a high note on Friday, the last trading session of 2021.

Global stock markets reversed gains after a day-long rally on Thursday even as fresh U.S. economic data indicated that a recent uptick of Omicron COVID-19 variant-related infections has not yet led to a surge in layoffs, a positive sign for the economy.