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Stock Futures, Oil Drop on Concern over the Omicron vaccine

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US stock futures fell and investors protected in government bonds after drug makers voiced concerns over Covid-19 vaccines won’t work also against the new Omicron strain.

Futures pegged to the S&P 500 fell met 1.1%, while blue-chip Dow Jones Industrial Average Futures lost 1.5%. Technology-heavy Nasdaq-100 futures weakened met 0.5%. Major indexes closed higher Monday, recovering from a sharp sell-off last week, because the worries over the variant seemed to be declining.

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