Stock futures slide as omicron fears return
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U.S. stock futures broadly declined, extending a period of volatile trading since the detection of the Omicron variant of Covid-19.
Futures on the S&P 500 were down 0.9% and futures tied to the Dow Jones Industrial Average declined 1.1%. Changes in futures don’t necessarily predict moves after the opening bell.
In commodities, international benchmark Brent crude declined 2.1% to $71.70 a barrel. Gold was up 0.5% to $1,791.90 a troy ounce.
FED CHAIR POWELL TO TELL CONGRESS THAT OMICRON VARIANT COULD THREATEN US ECONOMIC RECOVERY