S&P 500 Movers for Tuesday (11/30)
Stocks tumbled Tuesday, reversing Monday's rebound on Wall Street, as investors reassessed risks associated with the new Covid variant, omicron.
Major averages dropped to their session lows after Federal Reserve Chairman Jerome Powell said the central bank will discuss speeding up the bond-buying taper at its December meeting.
The $S&P 500 index(.SPX.US$ fell 1.9% to 4567. The $Dow Jones Industrial Average(.DJI.US$ also fell 1.9% to 34483.72. The $Nasdaq Composite Index(.IXIC.US$ dipped about 1.6% to 15,537.69. The small-cap benchmark Russell 2000 dropped 1.9% to 2,198.91 as economically sensitive names got hit hardest.
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