The Cboe Volatility Index, often referred to as Wall Street’s “fear gauge,” rose to 28, its highest level in two months. Oil prices also tumbled, withTravel-related stocks were hit hardest with Carnival Corp. and Royal Caribbean down more than 10 percent apiece in early trading. United Airlines dropped 9 percent, Delta Air Lines and American Airlines were each down more than 7 percent. Boeing lost 6 percent. Marriott International fell more than 7 percent.
Industrials linked to the global economy declined led by Caterpillar off by 3.7 precent. Dow Inc. shed 3 percent.On the flip side, investors huddled into the vaccine makers. Moderna shares gained more than 16 percent. Pfizer shares added 5 percent. “It’s important to stress that very little is known at this point about this latest strain, including whether it can evade vaccines or how severe it is relative to other mutations. Therefore, it’s hard to make any informed investment decisions at this point,” Bespoke Investment Group’s Paul Hickey said in a note to clients. “Historically speaking, chasing a rally or selling into a sharp decline rarely ends up being profitable, but that isn’t stopping a lot of people this morning.
They need to halt all sales and investigate the investment accounts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures plunge 400 points amid fears of new Covid variant found in South AfricaU.S. stock futures dropped in overnight trading on Thursday amid renewed Covid fears over a new variant found in South Africa. thanks Sweeeet A new COVID variant means everyone gets MORE free money!!!!
Source: CNBC - 🏆 12. / 72 Read more »
Stocks sink on new COVID variant; Dow Jones loses 890 points | AP NewsNEW YORK (AP) — Stocks fell sharply Friday as a new highly transmissible coronavirus variant from South Africa appeared to be spreading across the globe, threatening months of progress at getting the pandemic under control. This strand is going to be worse than Delta. The reactions from the medical community are a clear indicator of that. Wondering if VaccineEquity could have helped us avoid this? Just keep in mind that the market is not a reflection on the general economy, just on the wealth of the wealthy.
Source: AP - 🏆 728. / 51 Read more »
Stocks sink on new COVID variant; Dow loses 1,000 pointsThe stock market's losses accelerated on Wall Street Friday, after a coronavirus variant from South Africa appeared to be spreading across the globe and the European Union proposed suspending air travel from southern Africa Tumble oil tumble! Buying oppty !!
Source: ABC - 🏆 471. / 51 Read more »
Dutch to detail new COVID curbs on Friday as cases surgeThe Dutch government will announce new measures on Friday to tackle a surge in coronavirus infections that is putting pressure on hospitals, Health Minister Hugo de Jonge said. Ye paraveen Bahut hi jhutha kamina makkar insan hai kya aap puchenge ye kisase bat kar raha hai aur aab kyo pahchanne se Inkar kar raha kya jute khane ke bad pahchanega ? Please ise dekhe aur Puche ye kaun hai RahulGandhi ji priyankagandhi ji
Source: Reuters - 🏆 2. / 97 Read more »
Europe’s CDC U-Turns, Promotes Vaccine Boosters For All Adults As Region Fights Covid SurgeI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com Spike in US infections on it's way. US health care & hospital system will be overwhelmed by the first part of 2022; thousands citizens with other treatable conditions will be left to die as hospital beds are taken over by covid patients
Source: Forbes - 🏆 394. / 53 Read more »
Covid-19 Antibody Tests in Demand as People Worry About ImmunitySome people are taking Covid-19 antibody tests to determine whether protection from vaccination has weakened or to measure immunity after previous infection. Many health officials and doctors wish they wouldn’t. good luck Securing your BITCOIN profits, requires a well inclined account manager that can give you the best service. That's why you have SamuelLaech_ honest and trustworthy trader... Thanks alot sir for helping me win, i appreciate your goodness and i recommend you. Why the disregard of NATURAL IMMUNITY? What are they afraid of? Not anti-VAC anti “Political Science” By denying and ignoring NATURAL IMMUNITY it’s indicative of something nefarious going on🤔 CNN MSNBC ABC CDCgov CDCDirector US_FDA WHO FoxNews CBSNews DonaldJTrumpJr
Source: WSJ - 🏆 98. / 63 Read more »