Wall Street closed on Friday with major losses as investors digested the government’s decision to impose the COVID-19 vaccination mandate for all federal workers and employees working in large private companies. Commenting on the move, coronavirus response coordinator Jeff Zients said at today’s press briefing the White House hasn’t excluded the possibility of also requiring vaccinations for all international travelers. In business news, a California court ruled that Apple’s enforcement of anti-steering provisions on its App Store is anticompetitive, with the ruling coming as part of the Apple-Epic Games case.
The Dow Jones plunged 0.78% or 271 points at the closing bell, with Apple tumbling as much as 3.31%. The Nasdaq 100 lost 0.77% or 120 points, as the Kroger Co. sank 7.50%. The S&P 500 fell by 0.77%. Okta was the worst performer by declining 4.68%. The euro traded 0.10% lower against the dollar to sell for 1.18138 at 3:53 pm ET.