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Wall Street joins global slump for stocks; S&P 500 down 1.3%

December 20, 2021

Via: ABC News

Wall Street is joining a worldwide slump for financial markets on Monday amid worries about how badly the omicron variant, inflation and other forces will hit the economy.

The S&P 500 was 1.3% lower after the first 30 minutes of trading, following up on similar drops across Europe and Asia. Stocks of oil producers had the sharpest losses in New York after the price of U.S. crude fell 5% on concerns the newest coronanvirus variant may lead factories, airplanes and drivers to burn less fuel.

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