Why Stocks Are Down Today & 4 Penny Stocks To Watch Moving Against This Trend
Thanks to concerns over the omicron variant and speculation on this week’s fed decision, the stock market is down today. While that doesn’t seem to matter to the traders buying penny stocks today, it has impacted sentiment.
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Why The Stock Market Is Down Today
First thing’s first, why is the stock market down today? Following a strong close last week, stocks initially traded lower on December 13th, thanks to news from the U.K. that it was facing a “tidal wave” of infections from the new omicron variant. Prime Minister Boris Johnson discussed the country’s first death of a patient with the variant. The UK sped up its rollout of boosters in response to heightened case figures.
“It’s spreading at a phenomenal rate, something that we’ve never seen before…