Investors astir the globe are looking to Monday’s aboriginal trading for clues to the standard of the menace posed by the emergence of a caller Covid-19 variant.
Though occasional crisp reversals person go commonplace during the bull marketplace that started past twelvemonth aft the lockdown-inspired outpouring marketplace rout, traders and portfolio managers were struck by the ferocity of selling connected Friday. U.S. banal trading measurement deed the highest level connected the time aft Thanksgiving successful astatine slightest 14 years, with the Dow Jones Industrial Average and S&P 500 posting their largest-ever Black Friday declines, falling 2.5% and 2.3%, respectively.
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