US equities took a dive at the open and continued their downward path, resulting in a terrible day for the stock market and the worst day for the Dow in over a year. Oil prices were also badly hit.The new variant has been detected in South Africa, Botswana, Hong Kong and Israel, prompting some countries to put flight bans in place. Over the summer, the Delta variant spooked consumers and weighed on sectors like leisure and hospitality.
"It's hard to say at this point how lasting or impactful this latest variant will be for markets," he added.It might take days or weeks to assess the severity of the new variant, so Friday's sell-off might not be an immediate opportunity to pick stocks up on the cheap, said Sam Stovall, chief investment strategist at CFRA Research.But not all stocks took a beating. Within the S&P 500, healthcare stocks climbed, led by Covid vaccine manufacturers Moderna and Pfizer .
BuildBackBetterAct if only SenatorSinema and Sen_JoeManchin have a functional soul so the issues isn’t National Disaster in December. I wrote each Republican Senator they could become a HERO POTUS High Hopes
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Stocks slip, havens rally as new COVID-19 variant spooks investorsStocks fell and headed for their largest weekly drop in nearly two months on Friday, while safe haven assets such as bonds and the yen rallied as a new virus variant added to swirling concerns about future growth and higher U.S. interest rates.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks, Oil Drop Sharply on Concerns Over New Covid-19 VariantThe Dow, oil prices and Treasury yields slumped after South Africa raised the alarm over a fast-spreading strain of the coronavirus, triggering concern that travel restrictions and other curbs will spoil the global economy’s recovery.
Source: WSJ - 🏆 98. / 63 Read more »
WHO Identifies New Covid-19 ‘Variant of Concern’ Omicron as Strain Triggers Global FearsThe World Health Organization said preliminary evidence suggested the strain first detected in southern Africa presented a higher risk of a person catching Covid-19 for a second time. wants to blame Democrat Biden for deaths caused by Republican DeSantis. 3/5/21: 'Vindication for Ron DeSantis' Are there any humans with integrity at ? *New COVID variant - discovered in Southern Africa. Feel free to have accurate headlines when you're ready.
Source: WSJ - 🏆 98. / 63 Read more »
Bryan Adams Tests Positive for COVID-19 for Second Time In a MonthThe Canadian rocker had previously tested positive in October and been forced to withdraw from the Rock and Roll Hall of Fame ceremony. Someone wanna tell this man to wear a mask at some point next month? Here's a thought...stay THE F home. 🙄 That’s rare right? 2 times in less than a month?
Source: THR - 🏆 411. / 53 Read more »
Southern Africa’s New Covid-19 Variant Prompts Wave of Travel RestrictionsDozens of countries restricted travel to and from South Africa and neighboring nations, hoping to contain a fast-spreading new variant of the coronavirus that scientists say may be more contagious. This variant is not from South Africa. It was just detected there. Stop punishing them for discovering it. Other countries had surges few weeks back but they must have being quiet to avoid travel ban. When cases in Europe surge few weeks back it must have been this variant For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him tom_fitton2 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success Honestly, I don't think there are many tourists who want to go to Africa right now
Source: WSJ - 🏆 98. / 63 Read more »
New Zealand PM Ardern says prepared for new COVID-19 variantsNew Zealand is well prepared for the discovery of new coronavirus variants that may be resistant to vaccines, Prime Minister Jacinda Ardern said on Friday, including the strain currently spreading in South Africa. Hmm how did it spread? 🤔 because we have vaccine mandates for traveling?! So the vaccinated gang are spreading it....so overly vaccinated with booster after booster that the virus built immunity... I see some people are having a melt down because one of the most successful countries against covid just said they are prepared for the mutation also.... Relax it's not about your feelings it's about new Zealand.... Please stop this. It’s irresponsible reporting. It’s not spreading in SA. SA have globally lauded scientists. They discovered it, unlike other countries who are either slack, or deliberately conceal, developments.
Source: Reuters - 🏆 2. / 97 Read more »