Tech Stocks Close Lower as Omicron Concerns Weigh On Markets

Markets ended a tumultuous week on an ominous note, with a broad technology-sector selloff sending the major U.S. stock indexes sharply lower and Treasury yields logging declines not seen since some of the worst days of the pandemic last year.

After a relatively placid stretch across financial markets, investors were confronted with several fresh worries over the past week. Many investors are expecting the Federal Reserve to raise interest rates next year after a prolonged period of keeping interest rates near zero, policies that have helped send major indexes to record after record over the past year.

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