Stocks swooned on Wednesday after the CDC confirmed the first U.S. case of the COVID variant in California.
The Dow Jones Industrial Average fell over 462 points or 1.3% surrendering gains of over 300 points earlier. While the S&P 500 and the Nasdaq Composite sank 1.3% and 1.8%, respectively.
This as the VIX, the so-called fear index which measures volatility, spiked to the highest level since March.
In other tech news, Apple shares continue to attract investor interest after rising to a fresh record even as stocks tumbled. Shares, which were higher for most of the session, closed marginally lower.
MacDailyNews Take: As we wrote last Friday when news first broke that South African researchers had identified the latest COVID variant (omicron):
Never pass up an opportunity to profit from irrational panic.
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