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Dec. 1, 2021, 2:13 p.m. EST

Russell 2000 index turns south, and is at risk of posting first correction since June of 2020 as first case of omicron found in U.S.

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By Mark Decambre

The small-capitalization Russell 2000 index staged a powerful turnabout that was threatening to push the index into correction territory for the first time since June of 2020, Dow Jones Market Data. The Russell 2000 index /zigman2/quotes/210598147/delayed RUT -0.77% was currently down 0.7% at 2,190, with a close below 2.198.47, representing a decline into correction for the benchmark. Market technicians deem a decline of an asset from a recent peak of at least 10% (but no more than 20%) as being in correction. The skid lower for the benchmark, it was up 2.5% earlier Wednesday, also would represent its largest turnaround since March 20, 2020. The move lower also comes as the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.56% , the S&P 500 index /zigman2/quotes/210598065/realtime DJIA -0.56% and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.36% lose steam as the omicron variant of the coronavirus that causes COVID-19 has been identified in the U.S. Reports indicate that the first case of the variant was discovered in San Francisco.

/zigman2/quotes/210598147/delayed
US : US Composite
2,080.04
-16.18 -0.77%
Volume: 953,803
Jan. 19, 2022 2:18p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,171.14
-197.33 -0.56%
Volume: 247.85M
Jan. 19, 2022 2:33p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,171.14
-197.33 -0.56%
Volume: 247.85M
Jan. 19, 2022 2:33p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
14,454.26
-52.64 -0.36%
Volume: 2.92M
Jan. 19, 2022 2:33p
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