Dow Jones rises above 35,000 in early trading

US stock indices rose in early trading on Monday, as investors assess the latest updates about the coronavirus variant and its spread.

Concerns increased around the world after a new Covid-19 variant emerged called "Omicron," as it first appeared in South Africa last week, which sparked concerns of its rapid spread and resistance to vaccines.

Countries around the world, including the Netherlands and Germany, discovered the Omicron variant coming from African countries.

Moderna company announced that it is developing an anti-vaccine to prevent the Omicron variant to be available in large quantities early next year.

As for stocks, Dow Jones rose 0.3% or 103 points to 35,002 as of 15:26 GMT, and S&P 500 rose 1% or 46 points to 4,640, while Nasdaq rose 1.4% or 222 points to 15,714 points.