Worries that the Federal Reserve might take away accommodative monetary policy despite the rise of the omicron COVID-19 variant had market participants shying away from stocks. Losses for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) were in the neighborhood of 1.5% to 2%. Positive earnings reports from Ambarella (NASDAQ: AMBA) and Box (NYSE: BOX) showed that even some high-growth tech stocks can still hold their own in a tough market.
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