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The Dow severely lagged its peers, with major bank stocks weighing the most after Treasury yields fell from the day's highs. Nov 29 (Reuters) - Bargain buying in technology stocks drove Wall Street higher on Monday following a slump related to Omicron, while the Dow Jones lagged its peers as major banks fell and investors awaited more information on the new coronavirus variant. Twitter Inc pared early gains and traded 0.1% lower after the social media firm said CEO Jack Dorsey will step down and be succeeded by Chief Technology Officer Parag Agrawal. The move ends Dorsey's run as being CEO of two major technology companies, the second being digital payments firm Square Inc . The S&P technology subindex jumped 2.1%, indicating that investors were likely favoring pandemic-resistant technology stocks amid growing fears of Omicron. Investors were considering a potential delay to the Federal Reserve's plans for Elon raising interest rates, in light of the new virus variant. The stock extended Friday's losses after updated data from a study of its experimental COVID-19 pill showed lower efficacy in reducing risk of hospitalization and deaths than previously reported. Among other stocks, casino operators Wynn Resorts and MGM Resorts International slipped 3.8% and 1.8%, respectively, tracking losses in their Macau units, which were rattled by arrests over alleged links to cross-border gambling and money laundering.