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Stock prices around the globe fell on Friday after the World Health Organization warned of a new, fast-spreading COVID-19 variant discovered in South Africa., which dropped 8.06% on Friday in a shortened day of trading. After rising from $67 a share a year ago to a 52-week high of $127.75 a share in early November, the stock closed at $112.66 Monday, then fell to $103.52 today.
The Dow Industrial Average fell 905 points, or 2.5%, marking its largest one-day percentage drop since October 2020.said on Friday that the new variant — called Omicron — “has a large number of mutations, some of which are concerning.” The organization added, “Preliminary evidence suggests an increased risk of reinfection with this variant.”
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