New York: Wall Street fell from the highest record on Monday, with a shares of Carnival Corp and several airlines fell as investors were worried about the Omicron Coronavirus variant ahead of the Federal Reserve meeting this weekend.
Shares related to the trips fall, with a variant that spread rapidly accounting for around 40% of Covid-19 infections in London and at least one death in the UK.
Carnival Corp., Norwegian Cruise Line Holdings and Royal Caribbean Cruises all fell more than 5%, while the S & P 1500 Airlines Shed 3.1% index.
“This is transportation, restaurants, all the things that are bad enough so we started to give new restrictions on people, it won’t be good for them,” said Tom Martin, a senior portfolio manager at Globalt Investments in Atlanta.
“They all have bid over the past few months with the idea that we will return to business as usual.” Seven of the 11 main S & P 500 sector indices fell, with only the defense sector, including consumer staples, utilities and real estate.
CBOE market volatility index, gauge for investor anxiety, up 1.75 points.
In the afternoon trade, the average Dow Jones industry fell 0.7% at 35,720.1 points, while the S & P 500 lost 0.63% to 4,682.38.
The Nasdaq composite fell 1% to 15,474.32.
Apple Inc.
died 0.7%, even after J.P.
Morgan raised the target for the iPhone maker to the highest Wall Street.
The company is close to being the first in the world to reach a market value of $ 3 trillion.
Investors expect an increasingly hawkish tone out of the two-day Federal Reserve meeting wrapped on Wednesday.
The US central bank is expected to signify the purchase of faster assets, which can also lead an initial interest rate increase.
“Everyone focuses on the Fed this week and what guidance we get in terms of buying bonds and interest rates.
There is hope that there will be a tapered acceleration, and there is a little anxiety that leads to it,” said Ryan Jacob, “Portfolio manager’s head Jacob Internet Fund.
Reuters polls of economists see the central bank hiking key interest rate from almost zero to 0.25% -0.50% in the third quarter of next year, followed by the other in the fourth quarter.
Positive updates about vaccines and antibody cocktails Combating the new Covid-19 variant, along with recent readings about inflation in line with consensus, pushing the S & P 500 index to the highest record on Friday.
Pfizer Inc.
rose by around 4% after being agreed to acquire the pharmacy arena in all agreements $ 6.7 billion in cash.
Arena shares jumped around 80%.
The problem decreases exceeding the advanced amount on the NYSE with a ratio of 2.45-to-1; on the NASDAQ, ratio of 2.55-to-1 dis Ukai decliner.
The S & P 500 posted 47 highs of 52 weeks and 4 new lows; The Nasdaq composite recorded 28 new highs and 286 new lowest.