S&P 500 retreats from record to start the week, Dow sheds 300 points
The S&P 500 pulled back Monday as investors remained cautious about how the omicron variant will affect the economy and what the Federal Reserve will announce Wednesday.
The S&P 500 fell 0.9% to 4,668.97 and sits about 1.6% from its intraday record. The Dow Jones Industrial Average traded 320 points lower to 35,650.95, dragged down by a 3.7% drop in Boeing’s stock. The technology-focused Nasdaq Composite fell nearly 1.4% to 15,413.28.
Europe stocks close lower as monetary policy decisions take center stage; UK reports first omicron death
European stocks slipped on Monday as traders reacted to developments regarding the omicron Covid variant and looked ahead to monetary policy decisions by some of the world’s largest central banks.
Reference: CNBC
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