Stocks Rise After 3-Day Slump Over Virus, Inflation Worries

Stocks Rise After 3-Day Slump Over Virus, Inflation Worries
The New York Stock Exchange operates during normal business hours in the Financial District, in N.Y., on Oct. 13, 2021. John Minchillo/AP Photo
The Associated Press
Updated:

Stocks are rising on Wall Street Tuesday after three days of losses brought on by worries over the spread of the omicron variant and lingering concerns about rising inflation.

The S&P 500 index rose 1.7 percent as of 2:51 p.m. Eastern. The Nasdaq rose 2.3 percent. Both indexes were boosted by solid gains for technology stocks. Micron Technology jumped 10.4 percent after the chipmaker gave investors an encouraging profit forecast.