CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

US market close: Traders start selling as Omicron scares market

By Joseph Toppe

21:02, 20 December 2021

100-dollar bill
Traders spooked by rising Omicron infections - Photo: Shutterstock

Rising Omicron concerns staggered Wall Street on Monday, sending the major US benchmarks lower as traders began a sell-off.

The Dow Jones Industrial Average lost around 430 points, the S&P 500 shed 1.1% and the Nasdaq Composite slipped 1.2%.

The small-cap benchmark Russell 2000 went down 1.6%.

Halfway through the session, the Dow was down around 650 points, the S&P 500 was nearly 1.7% lower, and the Nasdaq Composite was down about 1.5%.

Omicron cases spike before Christmas

The latest data from the Centers for Disease Control (CDC) shows more than 156,000 US cases were reported on Friday, while the Omicron strain has now been found in 43 out of the 50 US states and about 90 countries around the world.

The first US case of Omicron was confirmed on 1 December.

What is your sentiment on US30?

Vote to see Traders sentiment!

Winners and losers: Vaccine-maker stock mixed on Monday

As increasing US Omicron cases impacted trading on Monday, shares of Pfizer are 2.59% better, while shares of Johnson & Johnson are 0.29% lower and shares of Moderna have plummeted 6.25%.

In the technology sector, shares of Apple are 0.81% lower, shares of Meta Platforms are off by 2.50%, while shares of Microsoft and shares of Amazon are down 1.20% and 1.73% respectively.

Meanwhile, blue-chip stock has contributed to the Dow’s negative Monday as shares of Boeing nosedived 2.16%, shares of Goldman Sachs went down 2.68% and shares of American Express fell 2.60%.

Oil: Crude’s most active loses ground

Oil futures were lower on Monday as spiking Omicron cases threaten travel restrictions.


15,968.20 Price
+0.280% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


4,589.80 Price
+0.570% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.7


36,175.30 Price
+0.710% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2


16,846.20 Price
-0.990% 1D Chg, %
Long position overnight fee -0.0261%
Short position overnight fee 0.0042%
Overnight fee time 22:00 (UTC)
Spread 5.0

West Texas Intermediate crude for February delivery, the most actively traded US contract, closed the session off by $2.11, or 3%, to $68.61 a barrel on the New York Mercantile Exchange.

WTI prices fell to $66.12 on Friday, marking a 1.1% drop for last week.

In energy stock, shares of Exxon Mobil are down 1.43%, shares of ConocoPhillips are down just 0.015%, while shares of Hess fell 0.66% and shares of Chevron slipped 0.044%.

Gold: Yellow metal falls after last week’s win

Gold futures went lower to start the week.

February gold settled $10.30, or 0.6%, lower at $1,796.40 an ounce, while March silver lost 24.2 cents, or 1.1%, to settle at $22.291 an ounce.

On Friday, gold notched a 1.5% weekly gain.

Forex: Yield pop higher on Monday

On Monday, one US dollar equals 1.29 of the Canadian dollar, 0.89 of the euro, and 0.76 of the pound sterling.

The yield on the benchmark 10-year Treasury note improved to 1.418% from 1.401% Friday.

Read more: Elon Musk may share blame for Tesla sexual harrassment lawsuits: Lawyer

Markets in this article

AMZN Inc (Extended Hours)
146.71 USD
0.81 +0.560%
American Express
174.10 USD
3.35 +1.960%
American Express
174.10 USD
3.35 +1.960%
Apple Inc (Extended Hours)
191.31 USD
1.4 +0.740%
Boeing Co (Extended Hours)
233.65 USD
1.94 +0.840%

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading