Dow sinks 462 points as omicron US case rocks stocks
U.S. stocks got whipsawed on Wednesday after the CDC confirmed the first U.S. case of omicron in California.
The Dow Jones Industrial Average fell over 462 points or 1.3% surrendering gains of over 300 points earlier. While the S&P 500 and the Nasdaq Composite sank 1.3% and 1.8%, respectively.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 34022.04 | -461.68 | -1.34% |
SP500 | S&P 500 | 4513.04 | -53.96 | -1.18% |
I:COMP | NASDAQ COMPOSITE INDEX | 15254.052094 | -283.64 | -1.83% |
This as the VIX, the so-called fear index which measures volatility, spiked to the highest level since March.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
VXZ | BARCLAYS BANK PLC TRK ZT 23/01/48 | 28.25 | +0.52 | +1.88% |
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The Federal Reserve’s Beige Book, released at 2 pm ET, showed several regions reported supply chain issues and bottlenecks as possible