SQUAWK BOX, WEDNESDAY 5TH JANUARY, 2021

The Dow hits a new record high as investor confidence picks up, but tech stocks slump on a rotation out of the sector. Opec nations hold their nerve against the Omicron outbreak and agree to boost output for the seventh consecutive month. China Mobile lists in Shanghai in the country’s biggest domestic IPO in a decade. Meanwhile in Europe, Covid cases continue to surge with new daily highs recorded in France and the UK.