Dow skids about 430 points Monday as omicron pressures Wall Street lower for a 3rd day in a row

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U.S. stocks finished sharply lower Monday, kicking off Christmas week with a third session in a row of losses, as major global cities grappled with surging COVID-19 infections tied to the omicron variant. The Dow Jones Industrial Average fell about 433 points, or 1.2%, to end near 34,932, in the holiday-shortened week of trade. The S&P 500 index closed down 1.1% near 4,568, while the Nasdaq Composite Index ended off 1.2%, or below the 15,000 mark. Crude oil prices also slumped Monday, with the U.S. benchmark West Texas Intermediate crude for February delivery [s:cl00] down 3%, settling at $68.61 a barrel on the New York Mercantile Exchange, on demand worries. The S&P 500 Energy sector closed down 1.2%, just in correction territory, according to Dow Jones Market Data, or 10% below its most recent record close. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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