US Dow Drops 800 Points, Or More Than 2% On New COVID-19 Variant Fears

US Dow Drops 800 Points, or More Than 2% on New COVID-19 Variant Fears

WASHINGTON (UrduPoint News / Sputnik – 26th November, 2021) The Dow Jones industrial average on Friday plunged at open by about 800 points or 2.2 percent amid concerns over a newly detected variant of COVID-19.

The sell-off comes after the discovery of the new COVID-19 variant, known as B.1.1.529 in southern Africa, which has more mutations to the “spike protein” than past variants, meaning that it could hamper the body’s immune response and spread more easily.

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