The first day of trading in 2021 was a shaky one. Monday had sharp selloffs within the S&P 500. The S&P 500 fell 1.5%, posting its worst daily performance since Oct. 27. Ten out of 11 S&P 500 sectors registered losses, led by real estate.

The blue-chip Dow shed 382 points after tumbling as much as 700 points at its low of the day. The Nasdaq Composite declined 1.4% as the FAANG block all slumped to start the new year.

“Investors are feeling antsy this week,” Lindsey Bell, chief investment strategist at Ally Invest, said in an email. “COVID cases continue to spike, with a new variant of the virus spreading across the globe. Tuesday’s runoff races in Georgia could decide the makeup of the Senate, and the market generally has performed better in a split Congress.”

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