On Wednesday, market participants seemed more sanguine about the potential impact of the COVID-19 omicron variant on the prospects for future macroeconomic growth, especially in light of testimony from Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was a solid winner, rising about 1.5% by midday Wednesday before pulling back slightly in the early afternoon. Helping to lift the Nasdaq were a couple of stocks that reached all-time highs on Wednesday.
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