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Title : Global Stocks Dive Over Fears Of The New Covid-19 Variant
link : Global Stocks Dive Over Fears Of The New Covid-19 Variant

Global Stocks Dive Over Fears Of The New Covid-19 Variant

 

CNBC: Dow drops 900 points as new Covid variant sparks market sell-off 

U.S. stock dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from from risk assets. 

The Dow Jones Industrial Average dropped 900 points, or 2.5%, while the S&P 500 and Nasdaq Composite slid 1.8% and 1.5%, respectively. Friday is a shortened trading day because of the Thanksgiving holiday with U.S. markets closing at 1 p.m. ET. 

The downward moves came after WHO officials on Thursday warned of a new Covid-19 variant that’s been detected in South Africa. The new variant contains more mutations to the spike protein, the component of the virus that

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binds to cells, than the highly contagious Delta variant. Because of these mutations, scientists fear it could have increased resistance to vaccines, though WHO said further investigation is needed.  

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Update #1: Stocks crater as new COVID-19 variant triggers market sell-off (FOX News)  

Update #2: Stocks sink on fears of COVID-19 variant; S&P drops 1.4% (Canadian Press)  

WNU Editor: You can watch stocks trade in real time below: 

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