PFE stock has had mixed volatility in the past year, up approximately 47.84% in the past year but down approximately 12.45% YTD.
There are key industries that showcased growth and downtrend as the Omicron concerns stirred a new way of precautions including restrictions amongst governments.
With the restrictions, the entire global market will slip to the downturn experienced in the first quarter and an early second quarter last year when the COVID-19 pandemic was just building its harsh momentum.
A number of economic policies continue to make their way into the stock market, most of which have the potential to induce a targeted rally in key aspects of the market.
Moderna has come under fire in recent times as many countries in Europe are boycotting its vaccine for that of Pfizer.
While the big cap stocks are feeling the weight of reality in the broader stock market, the Russell 2000, a benchmark for small-cap stocks, also fell 3.86% in a week.
While pharmaceutical outfits will be looking at modifying existing COVID-19 vaccine formulas to combat Omicron, the ensuing lockdown is an indication that the world is bound to have a long ride with this new coronavirus variant.
It is worth mentioning that the impressive stock growth of Apple is not just hinged on its share price surge, rather, the company has booming retail sales that are fueling its enviable cash flow.
Just like the scenario played out when the COVID-19 pandemic became a global concern early last year, all tradable financial products are going to feel the impact, with Bitcoin being one of them.
Currently, Omicron (OMIC) crypto can only be traded on the decentralized exchange (DEX) SushiSwap which has seen $454,000 in volume for the OMIC/USDC pair in the last 24-hours.
Crypto investors are largely optimistic about the price of Bitcoin taking a parabolic run despite the general uncertainties the market is currently experiencing.