Wall Street Falls as Omicron’s Spread Stokes Fears of Tighter Curbs

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Dec. 3, 2021. Brendan McDermid/Reuters

U.S. stock indexes fell more than 1 percent on Monday, dragged by concerns about the impact of tighter COVID-19 curbs on the global economy, and a potentially devastating setback to President Joe Biden’s investment bill.

Surging global infections of the Omicron coronavirus variant have sparked worries in financial markets as many European nations and Britain weigh the possibility of restrictions during Christmas.