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Stocks and Oil Drop Amid New Coronavirus Variant - The New York Times

Stocks and oil futures slumped, while investors sought safety in government bonds.

The Spanish Stock Exchange in Madrid on Friday. European markets fell 2 to 3 percent or more.
The Spanish Stock Exchange in Madrid on Friday. European markets fell 2 to 3 percent or more. Credit... Altea Tejido/EPA, via Shutterstock

Nov. 26, 2021

As of 3:25 p.m. Eastern time

Data delayed at least 15 minutes

Source: FactSet

Stocks around the world fell on Friday and oil prices plunged, after evidence of a new coronavirus variant in South Africa prompted another round of travel restrictions and reignited concerns about the economic toll imposed by the pandemic.

The SP 500 logged its worst day since February as a growing list of nations, including the United States, moved to prohibit travel from half a dozen or so African countries. The uncertainty shook a stock market that had been performing robustly, and market watchers said the heightened volatility might continue as countries assessed the risks of the variant.