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Dow closes down 430 points on omicron fears

Biden spending plan setbacks discourage investors

U.S. stocks fell as investors grew concerned about the omicron variant's impact on the economy.    © Reuters

NEW YORK -- U.S. stocks retreated significantly Monday, with the Dow Jones Industrial Average closing down over 430 points as the market grew jittery over the spread of the omicron coronavirus variant. 

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