US drops premarket, Dow plummets over 2%

Friday, 26. November 2021 10:36

United States stock markets fell in premarket trade on Friday as a new COVID-19 variant was discovered in South Africa. A number of countries have halted travel from South Africa as local health authorities warn the variant could be more transmissible as it has a large number of mutations.

The Dow Jones plunged 2.32% at 4:37 am ET, losing 846 points. The Nasdaq 100 was down 1.42% or 232 points, while the S&P 500 dropped 1.97% a minute later.

The euro traded 0.49% higher against the dollar and went for 1.12626 at 4:40 am ET.

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