Dow slammed by 1,000 points in worst drop of 2021 on fears about new Covid variant

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 13%
  • Publisher: 86%

U.S. stocks drop sharply as a new Covid variant found in South Africa triggers a global shift away from risk assets.

United States Headlines News

United States Latest News, United States Headlines

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 13.5 percent and 11.9 percent, respectively. United Airlines dropped more than 13 percent, while American Airlines dropped 12.5 percent. Boeing lost more than 7 percent and Marriott International fell nearly 10 percent.

Industrials linked to the global economy declined led by Caterpillar off by 4.9 percent. Dow Inc. shed 3.8 percent. Chevron dropped 3.6 percent as energy stocks reacted to the rollover in crude prices. Some of the stay-at-home plays that gained in the earlier months of the pandemic were higher again. Zoom Video added more than 7 percent and Peloton gained 4 percent.

Several investment professionals told CNBC on Friday that the sell-off could be a buying opportunity.

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:

 /  🏆 10. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's haunting that stock market numbers are just a gauge to how happy rich people are.

covid

Maybe leaky condoms are to blame?

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 »

South Africa Finds New Variant Of COVID-19 With 'Constellation Of Mutations'The United Kingdom temporarily barred flights from six African nations amid fears over the new coronavirus strain. wow AS long as most of the world, especially developing nations, remain unvaccinated, variants will find fertile ground. There is risk of vaccine-resistant variant emerging. Global vaccination is needed! UK Germn Frnce Portgl NL Belgm etc engulfed in COVID Calamity+New Shutdowns(Asia Aus too), Africa got New Multi-Varient strain But CDA Ont Que etc Just Re-Opened Airprt,Border, full 100% Indoor Events& Everything But Our COVD s Trippling from OCT Lows, Are We Sleepn or?
Source: HuffPostWomen - 🏆 27. / 68 Read more »

Britain alarmed by new COVID-19 variant spreading in South AfricaBritain on Thursday said it was concerned by a newly identified coronavirus variant spreading in South Africa that might make vaccines less effective and imperil efforts to fight the pandemic. All variants are from China 🇨🇳. China must be held accountable. The world ivory tower scientist fucked up , Geert van den Bosche warned for this from the start (and others) van kerkhove should take care of her ear wax and listen to the real experts
Source: Reuters - 🏆 2. / 97 Read more »

Explainer: What we know about the COVID-19 variant detected in South AfricaGlobal authorities have reacted with alarm to a coronavirus variant detected in South Africa, with the EU, Britain and India among those announcing stricter border controls as scientists seek to determine if the mutation is vaccine-resistant. 'It's pretty bad' ADE
Source: Reuters - 🏆 2. / 97 Read more »

EXPLAINER: What is this new COVID variant in South Africa?South African scientists have identified a new version of the coronavirus this week that they say is behind a recent spike in COVID-19 infections in Gauteng, the country’s most populous province. South Africa ⭐ Back Ole Miss Josh Allen day6 True Story Kevin Hart Steve Martin Drew Brees Cyber Monday Lattimore Taysom Hotty Toddy Macron Tony We are all going to die from this virus, aren’t we? Exciting day for you he corporate media
Source: ABC - 🏆 471. / 51 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 »