Omicron Variant: What It Means To Investors?
Published Tuesday, November 30, 2021 at: 10:56 PM EST
Since the Omicron variant was cited last Friday by the World Health Organization as a “virus of concern,” stock prices for the last three stock-trading days have gyrated.
The Standard & Poor’s 500 plunged -2.3% last Friday, and then rose +2% on Monday, before plunging again today by -1.9%. Tuesday’s plunge came after Federal Reserve Board Chairman Jerome Powell said Omicron posed new risks to the expansion.
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