Equities, oil prices, U.S. Treasury yields all drop on COVID variant fears
2021-11-28 08:48:55 source：CGTN
November 27, 2021
Shares tumbled on Wall Street on Friday, as they reopened after Thanksgiving, while European stocks saw their biggest sell-off in 17 months and oil prices plunged by $10 per barrel as fears over a new coronavirus variant sent investors scurrying to safe-haven assets.
The World Health Organization (WHO) on Friday designated Omicron, a new coronavirus variant detected in South Africa with a large number of mutations as being "of concern," the fifth variant to be given the designation.
Unofficially, the Dow Jones Industrial Average closed down 2.53 percent at 34,899.34 in its largest percentage drop in more than a year. The S&P 500 lost 2.27 percent, its worst one-day drop since February 25, and the Nasdaq Composite dropped 2.23 percent, the biggest one-day route in two months.
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