The Dow just had its Worst Day of the Year
U.S. stocks dropped sharply on Friday as a new COVID variant found in South Africa triggered a global shift away from risk assets. The Dow Jones Industrial Average dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34.
COVID Comeback – A new Threat for European Market Bulls
COVID-19 lockdowns have returned anew to haunt Europe’s economic prospects, forcing investors on Friday to reassess portfolios and sell vulnerable assets such as the euro and bank stocks. Days after the Netherlands, Hungary, Slovakia and the Czech Republic reimposed curbs, Austria put itself b