Dow drops over 400 points as Omicron increases volatility

US stocks fell in a choppy trading session on Wednesday, weighed down by the news that the first known case of the Omicron variant has been identified in the United States.

All three major US indices ended lower in a stark turnaround from earlier today. Stocks rose after the opening bell in an attempt to bounce back from the post-Thanksgiving sell-off. But the recovery was reversed in the afternoon after reports of new cases of Covid-19 Almost doubled in South Africa Wednesday and that Covid-19 Omicron alternative It was recognized in California.

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