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The US stock market, which was rebounding at a breaking news, plunged after the first confirmed case of Omicron… Dow 13↓

First confirmed case in the US
Major indices that were rising all at once turned downward

Image = Getty Images Bank

In the New York Stock Exchange, major indices turned downward all at once after the news of the first Omicron novel coronavirus infection (COVID-19) mutation in the United States.

On the 1st (local time) on the New York Stock Exchange, the Dow Jones Industrial Average fell 461.68 points, or 1.34%, to 34,022.04. The Standard & Poor’s 500 Index fell 53.96 points (1.18%) to 4,513.04, and the Nasdaq Index fell 283.64 points (1.83%) to 15,254.05, respectively.

The New York Stock Exchange tried to rebound in the early trading hours. However, in the afternoon, the news that the first omicron mutation infection was confirmed in the United States led to a sudden downturn.

Travel stocks have been hit hard. Shares of major US airlines, including American Airlines (-8.0%), Delta Air Lines (-7.4%) and United Airlines (-7.6%), all plunged more than 7%.

The U.S. Centers for Disease Control and Prevention (CDC) announced that it had discovered the first case of Omicron in the United States in California. This patient returned to San Francisco from South Africa on the 22nd of last month, and was confirmed with Corona 19 on the 29th of last month.

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), said at a briefing at the White House on the same day that “the first confirmed case was a person who traveled to South Africa, where Omicron was first reported.” He was infected with the mutation and showed mild symptoms, but is recovering.”

The dollar, which had weakened against major currencies after the discovery of the Omicron mutation, is rebounding today. The 10-year U.S. Treasury yield, while rising towards 1.5%, turned downward and fell to 1.429%.

Hana Kim, reporter at Hankyung.com hana@hankyung.com

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