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Massive Losses For U.S. And European Stock Markets As New Covid Variant Worries Investors

Writer's picture: The Decision MakerThe Decision Maker

London, Friday, 26 November 2021


Major U.S. indices plunged on Friday in the half-day session after Thanksgiving, while European stock markets plummeted to close significantly lower.


Investors are worried that the possibility of a lockdown that is already imposed in Slovakia and Austria, could extend to other countries too, amid new coronavirus variant, and could disrupt economic activity and halt economic recovery, globally.



U.S.


  • S&P 500: -106.65 (-2.27%) to 4,594.81 - Tesla shares tanked 3%

  • Dow Jones: -903.59 (-2.52%) to 34,900.79

  • Nasdaq: -353.57 (-2.23%) to 15,491.66 - GameStop and Uber losing 5.3% and 3.7%, respectively.


VIX volatility index: +10.04 (54.04%) to 28.62


Dollar index: -0.74% to 96.06


10-year U.S. Treasury note yield: -1.4 bps to yield 1.54%



Oil prices posted their largest daily decline for 2021 with a 12% loss.

  • Brent crude: -11.5% to $72.75 a barrel

  • West Texas Intermediate: -13% to $68.17


Precious metals down

  • Gold: -0.04% to $1,788 an ounce

  • Silver: -2% to $23.11 an ounce


Europe

  • STOXX Europe 600: -17.67, or 3.67%, to close at 464.05

  • FTSE 100 in London: -266 points, or 3.64%, to end the day at 7,044

  • DAX 30 in Germany: -660 points, or 4.15%, to finish at 15,257

  • CAC 40 in France: decreased 336 points, or 4.75%, to 6,739

  • FTSE MIB 30 in Italy: the worst performer based on points, by shedding 4.6%, or 1,245 points, to end the day at 25,852

  • IBEX 35 in Spain: -438 points, or 4.96%, to close at 8,402



(Written and edited by: The Decision Maker)

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