May 20, 2024
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Business Featured

Wall Street ends down; investors eye Omicron and Fed meeting

Published by
Reuters

By Shreyashi Sanyal and Noel Randewich (Reuters) – Wall Street ended lower on Monday, with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week. Travel-related stocks fell, with the fast-spreading variant accounting for around 40% of COVID-19 infections in London and at least one death in the United Kingdom. Norwegian Cruise Line Holdings, Carnival Corp and Royal Caribbean Cruises all slumped more than 4%, while the S&P 1500 airlines index shed about 3%. “It’s transportation, restaura…

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