The market may be ignoring risk of Omicron shutdowns

Wall Street is getting nervous about what will happen to the economy next year.

News: What you need to know about the markets     The market may be ignoring risk of Omicron shutdowns Wall Street is getting nervous about what will happen to the economy next year. Read more »   Dow tumbles as central banks start hiking rates Volatility is back on Wall Street: Stocks are falling as central banks around the world turn more hawkish and worries about the omicron variant increase ahead of the holidays. Read more »   Spider-Man could be the biggest box office hero of the year "Everybody loves a hero." The immortal words of Aunt May from 2004's "Spider-Man 2" ring truer than ever this weekend as audiences, Hollywood and especially theaters await the biggest film of the year. Read more »   Inflation is bad enough. One country is making it even worse Unnerved by surging prices, the Bank of England on Thursday became the first major central bank to hike interest rates since the pandemic began. The US Federal Reserve will follow in the coming months, with three rate hikes expected next year. Read more »   Labor shortage just cost FedEx $470 million. But it thinks things will get better soon The nation's labor shortage just cost FedEx $470 million in its most recent quarter. But its executives believe the hiring situation is going to get better soon. Read more »   Biden's Build Back Better bill under threat from nonstop surging prices, Goldman Sachs says Consumer prices are already rising at the fastest pace in nearly 40 years. Inflation may get worse before it gets better and that would further erode support for President Joe Biden's Build Back Better legislation, Goldman Sachs says. Read more »

Dow Nasdaq S&P -532.20   -10.75   -48.03 35,365.44   15,169.68   4,620.64 -1.48%   -0.07%   -1.03% YTD +15.55%   YTD +17.70%   YTD +23.02%

Biggest Winners Royal Caribbean Cruises Ltd +5.25%   Norwegian Cruise Line Holdings Ltd +5.12%   FedEx Corp +4.95%   Carnival Corp +4.04% Biggest Losers Leggett & Platt Inc -7.98%   Oracle Corp -6.39%   Western Union Co -6.00%   General Motors Co -5.53%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $70.19 -2.19 / -3.03% Gold $1,798.80 +0.60 / +0.03% 10-yr 1.40% -0.02 Euro $1.12 -0.01 / -0.85%

Hi, let us know what you think of this newsletter!   Tell us what you want to read more of... and less of. Email your tips and feedback to MarketsNowFeedback@turner.com

Sign up for Reliable Sources newsletter   Sign up for Before the Bell newsletter

Tips, thoughts or questions are always welcome at MarketsNowFeedback@turner.com   Want to change how you receive these emails? You can unsubscribe from this list   ® © 2021 Cable News Network Inc. A WarnerMedia Company. All Rights Reserved. You are receiving this message because you subscribed to CNN Business's "Markets Now" newsletter. Our Mailing address is: Cable News Network, Inc. 1 CNN Center Atlanta, GA 30303