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Now, let's dig in! Image Source: CNBC The stock market rebounded from session lows earlier on Monday, saved by shares of Nike increasing more than 6% after a positive earnings report.
And after an announcement from the Fed today, bank stocks also rallied.
Earlier the markets took a hit after news that a mutated version of the virus is spreading rapidly in the U.K.
"[The new strain] doesn't seem to have mutated the surface proteins of the virus in a way that they would slip past our vaccines or prior immunity. In fact we don't think that that's the case," said Dr. Scott Gottlieb. "But what this does suggest is that eventually this vaccine probably will evolve its surface proteins in a way that they won't be recognized by the antibodies we have right now, and we will have to update our vaccines."
What else impacted the markets today, and what should you know about the week ahead?
Other Hot Market News... This "code" will allow you to see the most profitable trends
Image Source: Vanity Fair Conservatives have faced disappointment after disappointment. First from the Supreme Court and now it's the soon-to-be former Attorney General, William Barr.
Because if you were expecting him to scramble to set up a special prosecutor before he departs, now is a good time to quit holding your breath.
"I think to the extent that there's an investigation, I think that it's being handled responsibly and professionally," Barr said Monday about the investigation into Hunter Biden. "To this point I have not seen a reason to appoint a special counsel and I have no plan to do so before I leave."
More Political Headlines
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21 December | What you need to know about the new virus strain
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