{"id":124133,"date":"2021-12-17T17:10:51","date_gmt":"2021-12-17T17:10:51","guid":{"rendered":"https:\/\/fin2me.com\/?p=124133"},"modified":"2021-12-17T17:10:51","modified_gmt":"2021-12-17T17:10:51","slug":"broadway-cancels-shows-companies-delay-returns-over-covid-concerns","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/broadway-cancels-shows-companies-delay-returns-over-covid-concerns\/","title":{"rendered":"Broadway cancels shows, companies delay returns over Covid concerns"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Wall Street is getting nervous about what will happen to the economy next year.<\/p>\n<p>The big concern is whether inflation will run too hot, forcing the Federal Reserve  to step in with more rate hikes to stop rising prices in their tracks.<br \/>\nThe Dow fell nearly 300 points Friday, about 1%, as fears grew that the Fed could potentially cause an economic slowdown by tightening too aggressively. Such concerns are global: Investors everywhere are worrying about inflation and the likelihood central banks will follow the Bank of England&#8217;s lead and soon raise their own interest rates. <\/p>\n<ul><\/ul>\n<p>But what if investors are scared of the wrong bogeyman?<\/p>\n<ul><\/ul>\n<p>The rise of the Omicron variant of Covid-19 around the globe is raising the possibility that countries&#8230;or private businesses&#8230;may have to issue new lockdowns. <\/p>\n<p><noscript><img decoding=\"async\" alt=\"Interest rates are set to rise next year. Here&amp;#39;s what that means\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/211216080217-jerome-powell-federal-reserve-1215-file-restricted-large-169.jpg\"><\/noscript><br \/>\nRestaurants and pubs in London are closing in response to the Omicron threat. Some Broadway shows in New York City have been canceled.<br \/>\nAnd companies ranging from Apple and Ford to ridesharing firm Lyft and investment bank Jefferies have recently announced plans to delay workers&#8217; return to the office. More businesses are likely to follow suit.<br \/>\nThis might not be priced into the broader stock market just yet.<br \/>\nThe S&amp;P 500 is up nearly 23% this year and is just a little more than 1% from its record high. Investors aren&#8217;t exactly running for the hills and hiding.<br \/>\nBut there are pockets of the market that are getting hit harder than others.  The tech stock heavy Nasdaq has fallen 7% from its record high, putting it closer to 10% correction status. But even after its recent drop, the Nasdaq is still up 18% in 2021, which is still 6% below the record high.<br \/>\nAirlines and other leisure and hospitality stocks have fallen recently, too, an indication that investors are wary of Omicron&#8217;s impact on travel. <span>United Airlines<\/span> <span>(<span>UAL<\/span>)<\/span> shares have plummeted more than 9% in the past week. <span>Carnival<\/span> <span>(<span>CCL<\/span>)<\/span>, <span>Marriott<\/span> <span>(<span>MAR<\/span>)<\/span> and <span>Expedia<\/span> <span>(<span>EXPE<\/span>)<\/span> have all posted big drops lately, too. <\/p>\n<ul><\/ul>\n<p>For what it&#8217;s worth, investors still seem to be more nervous about what the Fed is going to do than Covid shutting down the economy the way it did in March 2020. The fact that millions of Americans are now vaccinated and boosted may be helping.<br \/>\nBut the spike in consumer prices is still more of a market obsession. To that end, nearly two-thirds of those who responded to an informal Twitter poll posted by this reporter indicated that they thought inflation was the biggest risk for markets in 2022 compared to just 27% saying Omicron and Covid.<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2021\/12\/17\/investing\/omicron-covid-stocks-inflation\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Wall Street is getting nervous about what will happen to the economy next year. The big concern is whether inflation will run [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":124132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Broadway cancels shows, companies delay returns over Covid concerns - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/broadway-cancels-shows-companies-delay-returns-over-covid-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broadway cancels shows, companies delay returns over Covid concerns - Fin2me\" \/>\n<meta property=\"og:description\" content=\"New York (CNN Business)Wall Street is getting nervous about what will happen to the economy next year. 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