Wall Street Ends Down, Investors Eye Inflation and Omicron

Wall Street Ends Down, Investors Eye Inflation and Omicron
A sign for Wall Street hangs in front of the New York Stock Exchange in New York City, on July 8, 2021. Mark Lennihan/AP Photo
|Updated:

Wall Street ended lower on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases.

The fast-spreading Omicron coronavirus variant also dampened investor sentiment after the S&P 500 index hit an all-time closing high late last week.