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Dow Jones Dives as CDC Confirms First Omicron Case in the US

The first case of the Omicron variant in the United States was confirmed by the Centres for Disease Control and Prevention (CDC), sparking panic on Wall Street. U.S. stocks opened with big gains on Wednesday, supported by strong employment and manufacturing output results, but reversed course in the afternoon and ended the day down sharply after the CDC confirmed the first case of the Omicron variant in the country, sparking panic on Wall Street.

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