Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Staff Reporters
- Markets: Stocks dropped sharply in the post-Thanksgiving trading session on Friday due to concerns over the new Covid variant, Omicron. The Dow fell 2.5% for its worst day of the year, and the S&P also tumbled 2.3%. Oil prices and travel stocks also got rocked given fresh worries over travel demand, while “stay-at-home” names like Peloton and Zoom got a boost.
- Economy: It’s still way too early to know the impact of Omicron on economic growth. As we laid out last week, the Fed is under pressure to accelerate the winding down of its stimulus measures in order to battle inflation, but the new variant could change the calculus. Investors dialed back their expectations of a sooner-than-expected rate increase on Friday.
YOUR COMMENTS ARE APPRECIATED.
Thank You
***
***
Share this:
Filed under: Breaking News, Health Economics, Healthcare Finance, Investing | Tagged: bear, bear market, bear markets, black Friday, covid, economy, Investing, omicron, pandemic |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Markets: Consider the dip bought. Stocks regrouped much of their losses from their steep sell-off on Friday, relieved by President Biden’s pledge not to reimpose lockd owns. Moderna shares have now jumped nearly 35% in two days as investors see big $$$ in a potential Omicron-specific vaccine.
Economy: Fed Chair Jerome Powell and Treasury Secretary Janet Yellen will begin two days of hearings on Capitol Hill today. Expect Powell to field questions about how Omicron will change the Fed’s approach to combating inflation.
DEM
LikeLike