Dow plunges nearly 1,000 points on fresh COVID worries

Friday, 26. November 2021 16:21

Wall Street extended losses on Friday with the Dow Jones Industrial Average plunging nearly 1,000 points amid fears related to the detection of a new COVID-19 strain. South African scientists who discovered the new strain warned it could evade immune responses triggered by existing coronavirus vaccines.

The Dow Jones slid 2.55% at 10:22 am ET, minutes after hitting a session low of 34,805.88 points. The worst performers were American Express and Boeing whose shares tumbled 8.22% and 7.57%, respectively, at 10:18 am ET.

The Nasdaq 100 fell 1.27% at 10:23 am ET with Pinduoduo, down over 16%, leading the losses.

The S&P 500 dropped 1.84% at 10:24 am ET. Occidental Petroleum, Live Nation Entertainment and APA Corp all lost more than 12%.

The euro rose 0.83% against the dollar to sell for 1.13008 at 10:27 am ET.

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Author:
Baha Breaking the News (BBN) / NP