- December 21, 2021
- Posted by: Stratford Team
- Category: Business
Key Advisors Group LLC co-owner Eddie Ghabour weighs in on the market selloff and his market outlook for 2022.
U.S. stocks plunged Monday as the rapid spread of the omicron variant continues to worry investors who fear the new surge could hamper economic growth.
The Dow Jones Industrial Average fell 636 points, or 1.80%, while the S&P 500 index and Nasdaq Composite index declined 1.73% and 1.88%, respectively.
Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 34734.27 -631.17 -1.78%SP500 S&P 500 4542.46 -78.18 -1.69%I:COMP NASDAQ COMPOSITE INDEX 14894.306621 -275.38 -1.82%
Oil is also taking a hit from omicron fears and demand concerns, falling 5.14% to $67.22 per barrel. Energy, cruise line and airline stocks are also under pressure on Monday.
Ticker Security Last Change Change % XOM EXXON MOBIL CORP. 58.72 -1.28 -2.13%RCL ROYAL CARIBBEAN GROUP 71.62 -0.78 -1.08%CCL CARNIVAL CORP. 18.57 +0.28 +1.56%NCLH NORWEGIAN CRUISE LINE…
