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Dow makes 983-point U-turn, ending sharply lower after first reported U.S. omicron case

Stocks erased early gains, ending sharply lower Wednesday after the first confirmed U.S. case of COVID-19 caused by the omicron variant was found in California. The Dow Jones Industrial Average fell around 462 points, or 1.3%, to close near 34,022, according to preliminary figures — a pullback of more than 980 points from the blue-chip gauge’s intraday high at 35,004.64. The S&P 500 ended around 54 points lower, down 1.2%, near 4,513; the Nasdaq Composite finished near 15,254, down around 284

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