Wall Street slides on COVID-19 worry

• Wall Street's main indexes dropped more than 1% on Monday in a broad selloff as investors worried about a deluge in COVID-19 cases potentially undercutting the economic rebound. 
• All major S&P 500 sectors were lower as coronavirus cases surged in New York City and around the United States over the weekend, dashing hopes for a more normal holiday season. 
• Britain's leader said he would take more steps to slow the spread of the Omicron coronavirus variant if needed, after the Netherlands began a fourth lockdown and as other European nations considered restrictions. 
• "Typically what happens in Europe is a bit of a preview for what we see in the United States. So, if we see a lot more infections in the U.S., it could stress hospitals, make people less reluctant to get out, spend and partake in the economy. That's definitely a cause of concern," said Chris Zaccarelli, Chief Investment Officer at Independent Advisor Alliance.

(Source: Investing.com)