The close: Stocks wipe out early gains and end in the red as Omicron reaches the U.S. [Toronto Globe and Mail (Ontario, Canada)]
Salesforce, Inc. (CRM)
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Source: Toronto Globe and Mail
Wall Street’s major averages fell more than 1% on Wednesday after a morning rally faded as investor angst about the latest coronavirus variant soared with the first U.S. case confirmation while the market also digested Fed comments on inflation. After having advanced as much as 1.9% by late morning, the S&P 500 gave up all its gains in the afternoon along with the Dow and Nasdaq, which fell the most on the day. All three indexes breached key technical levels during the session. The TSX also erased its earlier gains to end down about 1% for the session. Late in the day, the U.S. Centers for Disease Control said the country had detected its first case of the Omicron variant, which had infected a person who came from South Africa, where the variant was initially discovered. Earlier on Wednesday, Federal Reserve Chair Jerome Powell said policymakers needed to be ready to respond to the possibility inflation may not recede in the second half of next year as expected. Wall Street had alread
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- CRM's page on the SEC website