Stocks, Futures Sink on Manchin Shock, Virus: Markets Wrap

Stocks, Futures Sink on Manchin Shock, Virus: Markets Wrap

(Bloomberg) — Investor sentiment sagged Monday amid turmoil for President Joe Biden’s economic agenda and rising global omicron infections, spurring selloffs in stocks, equity futures and oil, while bolstering sovereign bonds.

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U.S. futures and European shares all trimmed losses to about 1% after Moderna Inc. said its vaccine increased antibody levels against the variant. Treasuries pared an increase and the dollar held a jump from Friday, while crude oil slid on…


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