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Wall Street closed this Friday with its biggest drop so far this year in fear of the new variant of COVID – 19 that was found in South Africa.
Although the markets closed early due to the holiday per Share of Thank you , the three major indicators recorded the worst Black Friday of the year .
The Industrial Index Dow Jones fell this day 2 . 53% arriving at 34, 899. 34 units that represents its biggest drop since October from 2020.
For its part, the index S&P 500 lost 2. 27% standing at 4 o’clock, 529. 62 units while the Nasdaq Composite fell by 2. 23% locating in the 15, 491. 66 units.
Related: Why is the price of gasoline going up so much in the United States
Oil price plummets
For his part oil prices also fell sharply as the variant of the coronavirus found in South Africa scared investors and added to concerns about a supply surplus that could increase during the first quarter of the year.
Like the stock markets in the world, crude oil plummeted this Friday after scientists considered that the new variant of the coronavirus could increase infections and Governments could once again restrict travel and slow economic growth and therefore global demand for fuels.
US West Texas Intermediate (WTI) crude fell $ 02. 10 dollars losing a 12. 9% when sold in 68. 29 dollars a barrel lies that Brent decreased $ 9. 21 dollars or a 11. 2% until sold for $ 73. 02 dollars a barrel later that this Thursday there were no oil negotiations before the Thanksgiving holiday.
In addition, investors’ eyes were also on the release of millions of barrels of oil from strategic reserves announced earlier this week by President Joe Biden in coordination with other exporting nations of crude oil, in a strategy to stop the increase in fuel prices .
The release of oil reserves and the new variant of the coronavirus is generating new concerns about world economic growth .
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