U.S. stock benchmarks on Monday staged a partial recovery from Friday’s omicron-related selloff to end higher, as President Joe Biden told Americans the fight against the omicron variant of coronavirus won’t involve “shutdowns or lockdowns.” The Dow Jones Industrial Average
DJIA,
+0.68%

closed up 0.7% to 35,136, the S&P 500 index
SPX,
+1.32%

ended with a 1.3% gain to 4,655, while the Nasdaq Composite Index
COMP,
+1.88%

advanced 1.9% to 15,782; but large-capitalization stocks powered the rise of the index, with the Nasdaq-100 index
NDX,
+2.33%

climbing 2.3%. All closing levels are on a preliminary basisd. In corporate news, Twitter Inc.
TWTR,
-2.74%

co-founder Jack Dorsey on Monday announced that he was stepping down as CEO of the social-media platform effective immediately and would be succeeded by the company’s chief technology officer Parag Agrawal. Dorsey also is the CEO of payment processor Square Inc.
SQ,
+0.37%
.
Shares of Twitter ended down 2.7% while Square’s shares gained 0.4%. Dorsey is seen as a big fan of digital currencies such as bitcoin
BTCUSD,
+0.18%
.
In economic news, pending home sales rose 7.5% in October, compared with September, the National Association of Realtors reported Monday. Economists polled by MarketWatch had projected a 0.7% increase for pending home sales in October.

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