Stock Market Today: The Dow Sinks as Omicron Spreads, Manchin Dooms Spending Plan – Barron’s
December 20, 2021 No Comments
Stocks were falling hard as the Covid-19 variant Omicron is spurring new lockdowns in Europe, while the Federal Reserve has made clear that it is quickly removing monetary support. Plus, Sen. Joe Manchin said he wouldn’t support President Joe Biden’s $2 trillion tax-and-spending package.
In midday trading, the Dow Jones Industrial Average fell 632 points, or 1.8%. The S&P 500 declined 1.6%, and the Nasdaq Composite was down 1.5%.
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