Stocks sink on new COVID variant; Dow loses 1,000 points

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Global stocks and oil prices have tumbled after South Africa found a fast-spreading coronavirus variant and the European Union proposed suspending air travel from southern Africa.

Deirdre Bolton and Diane Swonk join"This Week’" to break down inflation.NEW YORK -- Stocks fell sharply Friday, with the Dow Jones Industrial Average down more than 1,000 points, as a newvariant from South Africa appeared to be spreading across the globe. It added to investor uncertainty about potentially reversing months of progress at getting the COVID-19 pandemic under control.

There have been other variants of the coronavirus before — the delta variant devastated much of the U.S. throughout the summer — and investors, public officials and the general public are jittery about any new variant that's spreading. It's been nearly two years since COVID-19 emerged, which has killed more than 5 million people around the globe.

Fearful of more lockdowns and travel bans, investors moved money into companies that largely benefited from previous waves, like Zoom Communications for meetings or Peloton for at-home exercise equipment. Peloton shares were up 5% while Zoom was up roughly 7%.

 

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NERVI SALDI. variante sudafricana si sapeva da tempo,come attentati kamikaze,c'è regia per pilotare i mkt. Da quando derivati la comandano, c'è guerra finanziaria in atto.cosa importante è rinvio rialzo tassi.buono per tecnologia transizione energetica e vaccini

Buying oppty !!

Oil prices falling in the short term is not bad, the problem is new variants are going to be common. There has to be cooperation.

Tumble oil tumble!

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