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Small-Cap Stocks Hit Hard by Covid-19 Omicron Variant
MARKETS | STOCKS
Small-Cap Stocks Hit Hard by Covid-19 Omicron Variant
Market remains vulnerable to swift and sharp reversals as pandemic continues
By Karen Langley
https://twitter.com/karen_langley
karen.langley@wsj.com
Dec. 5, 2021 8:51 am ET
The emergence of the Covid-19 Omicron variant has pummeled small-cap stocks.
The Russell 2000 benchmark has dropped 7.4% since Thanksgiving, when the fast-spreading new variant made headlines. Last week, the index fell into a correction, declining more than 10% from its November record. The S&P 500 large-cap index, by comparison, has shed 3.5% since the variant news.
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Small-Cap Stocks Hit Hard by Covid-19 Omicron Variant
Market remains vulnerable to swift and sharp reversals as pandemic continues
By Karen Langley
https://twitter.com/karen_langley
karen.langley@wsj.com
Dec. 5, 2021 8:51 am ET
The emergence of the Covid-19 Omicron variant has pummeled small-cap stocks.
The Russell 2000 benchmark has dropped 7.4% since Thanksgiving, when the fast-spreading new variant made headlines. Last week, the index fell into a correction, declining more than 10% from its November record. The S&P 500 large-cap index, by comparison, has shed 3.5% since the variant news.
TO READ THE FULL STORY
SUBSCRIBE
SIGN IN