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Dow logs worst day in December so far and Nasdaq is half way to correction as stocks lurch lower to conclude ugly Fed week
U.S. stocks closed solidly lower Friday and the Dow booked the worst decline of the month so far, as investors assessed the economic impact of the spread of the coronavirus omicron variant and the most recent moves by central banks around the globe. The Dow Jones Industrial Average closed down by about 531 points, or 1.5%, to reach 35,366, marking the worst daily drop since Nov. 30, FactSet data show. The S&P 500 index closed down 48 points, or 1%, to reach 4,620, to mark the steepest daily decl