Major indices close lower on omicron fears

  
Analysis, US Market

The major US indices are closing lower on omicron fears.

  • The Dow, S&P and NASDAQ are on pace for their fifth negative session in six trading days.
  • The Dow industrial average was down just short of 700 points or -1.98% at it’s lows
  • The NASDAQ index fell as much as -2.04% at it’s lows
  • The S&P index fell -1.94% at it’s lows
  • The S&P index low price got closer to the 100 day moving average at 4523.05. The low for the day reached 4531.10
S&P
S&P index tested its 100 day moving average for the 2nd time

The final numbers are showing:

  • Dow industrial average felt -433.30 points or -1.23% at 34932.17
  • S&P index -52.6 points or -1.14% at 4568.02
  • NASDAQ index -188.73 points or -1.24% at 14980.95
  • Russell 2000 fell -34.05 points or -1.57% at 2139.87
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