Wall Street fears on omicron continue to spook investors, and worries of interest rates rise to continue to cloud the market
First American News: Raleigh, NC- Stocks fell on Monday as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve’s easy monetary policy.
As reported in the Wall Street Journal, the Dow Jones Industrial Average dropped 520 points or 1.5%. The S&P 500 dipped 1.4% and the technology-focused Nasdaq Composite declined 1.6%. The small-cap benchmark Russell 2000 lost 2.2%.
Reopening plays were the biggest losers once again on Monday. Royal Caribbean shed 3%. United Airlines and Southwest fell 3.7% and 2.3%, respectively. Darden Restaurants also lost 3.5%. Booking Holdings was down more than 4%. Click Here to Continue reading on Omicron and its negative effects on the stock market, only at the Wall Street Journal.
