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Panic-like selling signs emerge in NYSE as Dow tumbles more than 600 points Tuesday amid omicron fears

·1 min read
Panic-like selling signs emerge in NYSE as Dow tumbles more than 600 points Tuesday amid omicron fears
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  • ^DJI
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Trading in New York Stock Exchange-listed stocks on Tuesday were exhibiting panic-like-selling behavior as stocks faced selling pressure attributed to the emergence of the omicron variant and commments from the Federal Reserve Chairman Jerome Powell about the pace of tapering. The NYSE Arms Index, a volume-weighted breadth measure that tracks the ratio of advancing stock to declining stocks over the ratio of advancing volume over declining volume, was showing a reading of 2.517 for NYSE-listed s