Here is a Market Recap for Wednesday, Dec 1, 2021. Please enjoy!

After opening higher in the morning stocks slid steeply downwards as market participants digested new remarks from Fed Chair Jerome Powell and new concerns surrounding the coronavirus ‘Omicron’ variant, with the US detecting its first case in California.

Notable Numbers:

$SPDR S&P 500 ETF (SPY.US)$ : -1.10%

$Invesco QQQ Trust (QQQ.US)$ : -1.7%

$SPDR Dow Jones Industrial Average Trust (DIA.US)$ : -1.29%

$Meta Platforms (FB.US)$ : -4.27%

$Tesla (TSLA.US)$ : -4.35%

$CBOE Volatility S&P 500 Index (.VIX.US)$ : +3.77%

$Alibaba (BABA.US)$ : -4.10%

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