Nasdaq sinks 1.7% as stock market halts multiday streak and Dow wipes out slight advance in Thursday's final minutes

Investors have moved from jitters over the impact of the omicron variant of the coronavirus that causes COVID-19 to concerns about super-charged inflation, which could influence the Federal Reserve's plan to tighten monetary policy. The consumer-price index will be released at 8:30 a.m. ET on Friday.

The Dow Jones Industrial Average DJIA, -0.00% was nearly unchanged but in negative territory at around 35,755. The S&P 500 index SPX, -0.72% closed 0.7% lower at about 4,668, while the Nasdaq Composite Index COMP, -1.71% closed down 1.7% to mark the sharpest one-day drop since Dec. 3 when it tumbled 1.9%.

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Source: CNBC - 🏆 12. / 72 Read more »