Skip to content

S&P 500 Has Biggest Three-Day Drop Since September: Markets Wrap

  • Lower volume ahead of holidays amplifies moves in equities
  • Biden’s agenda in limbo; Europe plans tighter virus curbs
Video player cover image
Ugly Start to Week as Omicron Fears Ignite Market Selloff
Updated on

Investor sentiment sagged as concern about President Joe Biden’s economic agenda and the omicron coronavirus surge dragged down stocks. Traders said lower volume ahead of the holidays exacerbated market moves.

The S&P 500 had its biggest three-day drop since September, led by losses in financial and material shares. Bonds fell. The dollar was little changed.