Stocks and oil plunge as new COVID-19 variant fears slam global markets

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Stocks fell and oil prices plunged more than 10 per cent on Friday as the emergence of a new COVID-19 variant rattled global markets. 9News

markets, which were closed Thursday for Thanksgiving, were also slammed during Friday's shortened trading session. Dow futures fell more than 900 points, or about 2.5 per cent. The S&P 500 and Nasdaq were down nearly 2 per cent.US oil futures sank by more than 11 per cent to trade below US$70 a barrel. Brent crude, the global oil benchmark, suffered a similar drop to around US$73 .

South Africa's health minister said Thursday that a new coronavirus variant appears to be spreading rapidly in parts of the country Economists were already nervously watching a spike in COVID-19 infections in Europe. Some countries have introduced new restrictions to contain the spread, raising the prospect of reduced activity this winter at a time when inflation and supply chain woes are already clouding the outlook for growth.

Travel and airline stocks are among the biggest fallers Friday after a number of countries began imposing travel bans

 

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Update: East Coast Flood 2022 .A.D., The cloud cover will continue and eventually microbial forms deprived of light will undergo extinction. Remember that little becomes big. Micro to macro. Eventually, the krill will die and the whales won't go along the East Coast

This Nu (new Mutation) is so advanced compare with DeltaVariant 😷 USA UK all reduce the flights, what about us Australia? 😧

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