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Dow plummets 600 pts as Omicron's spread stokes fears of tighter curbs

Travel stocks slide, all major S&P 500 sectors fall; Oracle slides on deal to buy Cerner for $28 bn

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York. Photo: Reuters
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Reuters
U.S. stock indexes fell more than 1% on Monday, dragged by concerns about the impact of tighter COVID-19 curbs on the global economy, and a potentially devastating setback to President Joe Biden's investment bill.

Surging global infections of the Omicron coronavirus variant have sparked worries in financial markets as many European nations and Britain weigh the possibility of restrictions during Christmas.
 
Travel stocks fell the most, with the S&P 1500 airlines index dropping 2.0%. Royal Caribbean Group slipped 1.8% after saying 48 people on its Symphony of the Seas cruise ship tested positive for COVID-19.
 
"Typically what happens in Europe

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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