Dec 02, 2021 | 07:53 (IST) Wall Street turns red as Omicron r | NINJA GAMING

Dec 02, 2021 | 07:53 (IST)

Wall Street turns red as Omicron reaches the United States##Wall Street turns red as Omicron reaches the United States

Wall Street's major averages fell more than 1% on Wednesday after a morning rally faded as investor angst about the latest coronavirus variant soared with the first U.S. case confirmation while the market also digested Fed comments on inflation.

The Dow Jones Industrial Average fell 461.68 points, or 1.34%, to 34,022.04, the S&P 500 lost 53.96 points, or 1.18%, to 4,513.04 and the Nasdaq Composite dropped 283.64 points, or 1.83%, to 15,254.05.