Nyc lockdown again 20219/18/2023 ![]() ![]() The Dow Jones Industrial Average was up 114.80 points, or 0.32 percent, at 36,065.36, while the Nasdaq Composite was up 78.09 points, or 0.50 percent, at 15,731.46. Minutes after the opening bell, the S&P 500 was up 22.82 points, or 0.48 percent, at a record high 4,748.61. Nine Broadway shows have announced cancelled performances due to a surge in COVID-19 cases Yet on Monday, strong retail sales underscored the strength of the economy and overshadowed worries from Omicron-driven flight cancellations at the start of this year's final trading week.Ī view of Christmas Art installations on Decemin New York City. The flight cancellations on Monday were on top of over 3,000 cancellations during the Christmas holiday weekend, typically a peak time for travel for Americans. Nearly 740 flights were canceled within, into, or out of the United States on Monday morning, a tally on flight-tracking website showed. over the holiday weekend, with airlines reporting COVID-related staffing problems. Thousands of flights were cancelled in the U.S. In the meantime, though, the Omicron surge is causing widespread disruptions and forcing economic forecasters to rapidly revise their predictions about the pace of recovery. In that scenario, COVID could become a background concern similar to the seasonal flu, still causing illness and death but not spurring widespread disruptions. ![]() 'When you get to that point, unless you have a very bizarre variant come in that evades all protection - which would be unusual - then I think you could get to that point where you have this at a steady level,' he said. 'All of the decision making is put on the small-business owners,' Brooklyn butcher shop owner Brent Young told the Atlantic, which dubbed the phenomenon a 'soft lockdown.' Multiple Broadway shows have closed their doors, and Mayor-elect Eric Adams cancelled his inauguration gala scheduled for New Year's Day.īecause the shutdowns are voluntary, the path to safely reopening is murky, and it is unclear when business will resume as normal. Nevertheless in New York City, where Omicron hit early and hard, many restaurants and bars have shuttered on their own after staff outbreaks or exposure, and as customers cancel bookings for fear of the virus. Perhaps aware that the US public has little appetite for further government restrictions, elected leaders are avoiding mandatory shutdowns in the Omicron wave. The Omicron variant is triggering a de facto lockdown in parts of the country as scores of businesses shutter on their own due to staff outbreaks, raising concerns about the impact on small businesses after nearly two years of disruptions. ![]()
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