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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