US Stocks Suffer on Black Friday As Markets React to Travel Bans with South Africa and Other African Countries
The US Markets took a huge hit on Black Friday as the world reacts to news of a new type of COVID coming out of Africa.
Market Watch reports:
Wall Street stocks skidded sharply lower on Black Friday as investors reacted to fresh travel bans resulting from the discovery in South Africa of a new variant of the coronavirus that causes COVID-19.
The Dow Jones Industrial Average DJIA, -2.53%, the S&P 500 index SPX, -2.27% and the Nasdaq Composite COMP, -2.23% were all down by at least 2% for the day, the major U.S. shopping day known as Black Friday on which retailers are traditionally perceived to enter the black for the year.
