United States stock market

The United States stock market falls due to fear of the new variant of Covid

Shares of cruise ships Carnival Corp, Royal Caribbean Cruises and Norwegian Cruise Line plummeted more than 10% each, on the US Stock Exchange

Shares Stock Exchange United States they fell on Friday, with the Dow Jones and the S & P 500 suffered its biggest loss percentage in one day in months because the sectors affected by the pandemic, which have benefited from the reopening, they sank after that a new COVID-19 mutation was found .

Authorities around the world reacted with alarm on Friday to the variant of Covid-19 found in South Africa , which is being studied if it is resistant to vaccines in use.

The European Union and Great Britain were some of the territories that reinforced border controls.

Cruise stocks fall 10% on the US Stock Exchange

Cruise shares Carnival Corp, Royal Caribbean Cruises and Norwegian Cruise Line plunged more than 10% each, while shares of United Airlines, Delta Air Lines and AmericanAirlines also fell.

The NYSE Arca Airline Index experienced its biggest one-day percentage decline in more than a year.

Retailers fell at the start of Black Friday , the start of the holiday shopping season, as the new variant fueled concerns about low in-store traffic and inventory problems.

The declines were wide, with large declines in all 11 major S&P sectors except health, which was down slightly thanks to strong earnings from Covid-19 vaccine makers Pfizer Inc and Modern Inc.

“It’s déjà vu again, like for the eighth time,” said KeithBuchanan, senior portfolio manager at Global Investments.

“Our understanding of this variant could accelerate over the weekend, if there is more worrying news than good news, a lot of people don’t want to have risk assets on Monday morning.”

Despite the sales, traders in the market pointed out that the drop was likely exaggerated by the low volume during the short holiday session after Thanksgiving .

How did the main indices of the United States Stock Market close?

The Dow Jones Industrial Average fell 905.04 points, or 2.53%, to 34,894, while the S & P500 lost 106.74 points, or 2.27%, to 4,594 units. The Nasdaq lost 353.57 points, or 2.23%, to 15,491 units.

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