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U.S. Stocks Fell More Than 1% Due To Omicron Mutant Strain

U.S. stocks fell more than 1% on Monday, due to the impact of increased concerns about the new crown mutant virus strain Omicron, President Biden's $1.75 trillion spending bill was frustrated, which also dragged down the performance of industrial and raw materials stocks. The S&P 500 Index has fallen by 3% in the past three trading days, writing down the biggest drop for three consecutive days since the end of September; the Nasdaq Index has fallen by 3.75% in the past three days, and also writing down the three consecutive days since May of this year. The biggest drop in the day. British research firm Capital Economics market economist Thomas Mathews said that if Omicron’s concerns can subside, the stock market may recover some of the recent declines; but given that the central bank will gradually withdraw monetary easing, and The stock market has been bullish for a long time, and the bank expects that the return on the stock market will be quite limited in the next few years. The Dow Jones Industrial Average fell 1.23% (433.28 points) at the end of December 20 to close at 34,932.16 points. The Standard & Poor's 500 Index fell 1.14% (52.62 points) to close at 4,568.02 points. The Nasdaq Index fell 1.24% (188.74 points) to close at 14,980.94 points. The Philadelphia Semiconductor Index fell 0.76% (28.65 points) to close at 3,732.39 points.
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