Wall falls due to the new mutation – ‘Dive’ of 800 points for Dow

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Fears of a new African coronavirus mutation found in South Africa lead to heavy losses in key Wall Street indexes on Friday, which reopened today as it remained closed yesterday due to Thanksgiving.

In this climate, the industrial index is on the board Dow Jones, which previously fell by 1,005.64 points, now falls by 820.34 points or 2.29% to 34,984.04 points and the wider S&P 500 slips by 87.76 points or 1.87% to 4,613.70 points. In the meantime, the Nasdaq falls by 278.9 points or 1.76% to 15,566.30 points.

The Dow Jones and S&P 500 are heading for the worst Black Friday close in 50 years.

The following is a table of the worst Black Friday performances for the 3 indices since 1950, according to Dow Jones Market data:

Wall crashes due to new mutation -
SOURCE: MarketWatch

The deaths come after World Health Organization officials warned on Thursday of a new coronavirus mutation found in South Africa, with scientists fearing it could have increased resistance to vaccines, although the WHO said further research.

It is noted that the United Kingdom temporarily suspended flights from six African countries due to the mutation. Israel has banned travel to several countries after detecting one case in a traveler and two cases in Hong Kong and one in Europe, specifically in Belgium.

Meanwhile, the 27 member states of the European Union have agreed to temporarily suspend flights to and from countries in southern Africa as a precautionary measure against the new coronavirus mutation first detected in Botswana, it announced on Friday. in the afternoon the Slovenian Presidency of the EU.

Shares of Airlines fell sharply, with Royal Caribbean, United Airlines, Delta Air Lines and American Airlines down more than 10% each, while Boeing shares lost more than 6%.

At the same time, the shares of the banks are falling, amid fears of a slowdown in economic activity. Shares of Bank of America, Goldman Sachs and Citigroup fell more than 3%.

On the other hand, Moderna’s share is up about 25% while Pfizer’s share is up about 5%.

Meanwhile, Friday also marks the start of Black Friday, with investors looking for information to gauge consumer sentiment in the US.


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