Published on 26 Nov 2021 on Market Watch
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 the S&P 500 index and the Nasdaq Composite 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.