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Wall Street: Dow Jones plunges 800 pts on fears over new Covid variant

The S&P 500 is down 1.4% in early trading, heading for its worst fall since late September

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(Photo; Reuters)

Agencies
U.S. stock indexes opened sharply lower on Friday, with travel, bank and commodity-linked stocks bearing the brunt of a selloff triggered by the discovery of a new and possibly vaccine-resistant coronavirus variant.

The Dow Jones Industrial Average fell more than 800 points. The S&P 500 is down 1.4% in early trading, heading for its worst fall since late September and solidly lower for the week. 

The Nasdaq Composite dropped 180.85 points, or 1.14%, to 15,664.38 at the opening bell. Travel and energy stocks are among the biggest losers, with Royal Caribbean, Carnival and Norwegian Cruises all off about 10%. The

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)