Stocks slip on Wall Street over renewed concerns over virus

By DAMIAN J. TROISE
AP Business Writer

Stocks fell on Wall Street Tuesday after the head of a major vaccine maker expressed concern about how effective current jabs will be against the new variant of the coronavirus. The S&P 500 fell 0.5%, the Dow Jones Industrial Average fell 0.8% and the Nasdaq was little changed. European Asian markets also. fell. The weakness came after the head of Moderna told the Financial Times that he expected that current vaccines would struggle with the omicron variant. Treasury yields fell as investors sought to reduce their exposure to risk, and crude oil prices, which depend on a strong economy, slumped 2.8%.