- US stocks fell on Monday amid rising COVID-19 cases and the spread of the Omicron variant.
- Also weighing on stocks was Senator Joe Manchin's rejection of President Biden's spending bill.
- Goldman Sachs estimates the rejection of Biden's spending bill will weaken the economy in 2022.
US stocks tumbled more than 1% on Monday amid rising COVID-19 cases and Senator Joe Manchin's rejection of President Biden's spending bill.
COVID-19 daily cases continue to rise, boosted by the spread of the more contagious Omicron variant. The seven-day average of US cases is hovering around 130,000. But that number $4 as the holiday travel season picks up.
"Cases might soar to 250,000 to 300,000, maybe 500,000 within a few weeks," Fundstrat's Tom Lee said in a Monday note to clients.
But while Omicron's surge seems inevitable in the US, $4 the US to institute a new set of lockdowns to combat the virus, rather counting on vaccines, new antiviral therapies, and social distancing and mask wearing.
Meanwhile, $4 plan means there is now little chance of passage for the social spending bill. That has the potential to hurt the economy, according to Goldman Sachs, $4 on Manchin's position.
Here's where US indexes stood at the 4:00 p.m. ET close on Monday:
- S&P 500>$4: 4,568.18, down 1.14%
- Dow Jones Industrial Average>$4: 34,932.16, down 1.23% (433.28 points)
- Nasdaq Composite>$4: 14,980.94, down 1.24%
Monday's sell-off didn't help Ark Invest's innovation stocks, with many falling more than the broader market. Many $4 are down more than 70% from their recent highs. But Wood is sticking by her investment strategy and $4
$4 over the past 5 weeks due to ongoing supply chain issues related to Canadian floods, combined with demand staying strong for the building material.
Instagram is working to $4 as its parent Meta goes all-in on the metaverse. A potential integration could enable people to bid for NFTs directly on Instagram. But $4 is Tesla CEO Elon Musk, who believes its simply a marketing buzzword right now.
An $4 offered an in-depth look at how the crypto billionaire built his empire through FTX. Here are $4 from the interview.
$4 oil dropped as much as 3.96% to $67.92 per barrel. $4, oil's international benchmark, fell as much as 3.43% to $71.00 per barrel.
$4 fell as much as 0.75% to $1,791.40 per ounce.