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Writer's pictureThe Decision Maker

Massive Losses For U.S. And European Stock Markets As New Covid Variant Worries Investors


London, Friday, 26 November 2021


Major U.S. indices plunged on Friday in the half-day session after Thanksgiving, while European stock markets plummeted to close significantly lower.


Investors are worried that the possibility of a lockdown that is already imposed in Slovakia and Austria, could extend to other countries too, amid new coronavirus variant, and could disrupt economic activity and halt economic recovery, globally.



U.S.


  • S&P 500: -106.65 (-2.27%) to 4,594.81 - Tesla shares tanked 3%

  • Dow Jones: -903.59 (-2.52%) to 34,900.79

  • Nasdaq: -353.57 (-2.23%) to 15,491.66 - GameStop and Uber losing 5.3% and 3.7%, respectively.


VIX volatility index: +10.04 (54.04%) to 28.62


Dollar index: -0.74% to 96.06


10-year U.S. Treasury note yield: -1.4 bps to yield 1.54%



Oil prices posted their largest daily decline for 2021 with a 12% loss.

  • Brent crude: -11.5% to $72.75 a barrel

  • West Texas Intermediate: -13% to $68.17


Precious metals down

  • Gold: -0.04% to $1,788 an ounce

  • Silver: -2% to $23.11 an ounce


Europe

  • STOXX Europe 600: -17.67, or 3.67%, to close at 464.05

  • FTSE 100 in London: -266 points, or 3.64%, to end the day at 7,044

  • DAX 30 in Germany: -660 points, or 4.15%, to finish at 15,257

  • CAC 40 in France: decreased 336 points, or 4.75%, to 6,739

  • FTSE MIB 30 in Italy: the worst performer based on points, by shedding 4.6%, or 1,245 points, to end the day at 25,852

  • IBEX 35 in Spain: -438 points, or 4.96%, to close at 8,402



(Written and edited by: The Decision Maker)

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