Stocks turned sharply lower Wednesday after the US identified a case of Omicron in California.- The
S&P 500 had been on course to recover from Tuesday's nearly 2% rout.
US stocks retreated from earlier gains to finish sharply lower Wednesday, after US officials said the country now has its first case of a person with the Omicron coronavirus strain.
The market's three main equity indexes reversed during afternoon trade as the Centers for Disease Control and Prevention confirmed an Omicron infection $4.
The CDC said the fully vaccinated individual had returned from South Africa on November 25. The person, who is self-quarantining, had mild symptoms that are improving and all of the person's close contacts have tested negative.
Here's where US indexes stood at 4:00 p.m. on Wednesday:
- S&P 500>$4: 4,513.04, down 1.18%
- Dow Jones Industrial Average>$4: 34,022.04, down 1.34%
$4 - Nasdaq Composite>$4: 15,254.05, down 1.83%
Stocks earlier Wednesday had found upside support after ADP said private US employers$4, a better reading than the 525,000 jobs expected in an Econoday survey of economists. The report arrived ahead of Friday's nonfarm payrolls report from the Labor Department.
The S&P 500 had been up by as much as 1.9%, on course to recover losses from Tuesday, when the $4 that vaccines could be less effective against Omicron. The World Health Organization last week said the new coronavirus strain had a large number of mutations.
Around the
Legendary investor Ray Dalio $4 as it faces uncertainty about the Omicron coronavirus variant.
$4 rose 0.3% to $1,780.62 per ounce. The $4 slipped 2 basis points to 1.427%.
Oil prices fell during Wednesday's session that marked the start of a meeting by OPEC. $4 fell 0.9% to $65.57 per barrel.$4
$4 edged down 0.1% to $56,987.07.