U.S. stocks tumbled right at the start of the session on Monday, and stayed weak right through the day as rapidly spreading Omicron variant of the coronavirus raised concerns about global economic recovery.
The major averages all ended notably lower. The Dow, which plunged more than 700 points to 34,665.50, ended the day with a loss of 433.28 points or 1.23 percent at 34,932.16. The Nasdaq closed lower by 188.74 points or 1.24 percent at 14,980.94, recovering from the day's low of 14,860.04, while the S&P 500 settled at 4,568.02, recording a loss of 52.62 points or 1.14 percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.