Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Stock Market Nosedives After Reports Of New COVID-19 Variant

% of readers think this story is Fact. Add your two cents.


CDN – https://www.conservativedailynews.com

by Thomas Catenacci -

https://dailycaller.com/

The stock market plummeted Friday following reports that a new, more contagious variant is rapidly spreading in South Africa and parts of Europe.

The Dow Jones Industrial Average (DJIA), an index measuring 30 major U.S. corporations, dropped 2.32% immediately after markets opened Friday. The S&P index, which measures 500 of the largest publicly traded companies, fell 1.72%, while the NASDAQ, an index composed largely of technology firms, declined 1.71%.

The massive slide marked the DJIA’s sharpest decline of the year, historical market data showed. It was also among the largest slides experienced by the S&P 500 and NASDAQ.

“There’s a lot we don’t understand about this variant,” infectious disease expert Richard Lessells said during a press briefing hosted by South Africa’s health department Thursday, according to Nature. “The mutation profile gives us concern, but now we need to do the work to understand the significance of this variant and what it means for the response to the pandemic.”

Several European countries implemented restrictions on travel to South Africa Friday, joining Singapore, Israel, the U.K. and the Netherlands, The New York Times reported. While the World Health Organization (WHO) has warned global leaders against jumping to conclusions, the so-called B.1.1.529 variant continues to rapidly spread across southern Africa and has been reported in Europe and Asia, according to the BBC.

The WHO announced it would hold an emergency meeting with experts on Friday, according to Nature. The experts are expected to name the variant at the meeting.

“Substantively NOTHING is known about the new variant,” Italian virologist Roberto Burioni tweeted, the New York Times reported.

Burioni said people shouldn’t panic until further information is known.

U.S. markets are slated to close early at 1 p.m. for Black Friday.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]

Stock Market Nosedives After Reports Of New COVID-19 Variant is posted on Conservative Daily News – Where Americans go for news, current events and commentary they can trust – Conservative News Website for U.S. News, Political Cartoons and more.

CDN – https://www.conservativedailynews.com



Source: https://www.conservativedailynews.com/2021/11/stock-market-nosedives-after-reports-of-new-covid-19-variant/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.