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Wall St posts declines for first week of 2022; Nasdaq has worst week since Feb

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Reuters

By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street on Friday wrapped up the first week of the new year with daily and weekly losses as investors worried about looming U.S. interest-rate hikes and unfolding Omicron news. The Nasdaq posted its biggest weekly percentage fall since February 2021 and led declines for the day in the major indexes. Stocks fell on Friday after the December U.S. jobs report missed expectations but was still seen as strong enough to keep the Federal Reserve’s tightening path in place. Friday’s Labor Department data showed the U.S. jobs market was at or near maxim…

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