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Tag: Group Chief Economist

Wall Street shook by new COVID variation fears, Dow plunges over of 900 focuses

Wall Street shook by new COVID variation fears, Dow plunges over of 900 focuses

Market
Coronavirus has reemerged as a concern for financial backers and an expected driver of huge market moves after another variation set off caution, long after the danger had retreated in Wall Street's eyes. Stresses over another strain of the infection, named Omicron and arranged by the World Health Organization as a variation of concern, pummeled markets worldwide and managed the S&P 500 list its greatest one-day rate misfortune in nine months. The moves came a day after the U.S. Thanksgiving occasion when slim volume probably exacerbated the moves. U.S. stocks plunged on Friday, with worldwide business sectors shook by a new Covid variation found in South Africa, which fanned worries that new development smashing lockdowns could be forced if the variation spreads generally. ...