On November 26, local time, the U.S. stock market fell sharply due to the global shift in risky assets triggered by the emergence of a new variant of the new coronavirus in South Africa.
On November 26, as of 10:30 EST after the market opened, the Dow Jones Industrial Average fell by about 850 points, and at one time it fell by more than 900 points (2.5%), the Standard & Poor’s 500 Index fell 1.7%, and the Nasdaq Composite Index Fell 1.5%.
Due to holidays, US stocks closed at 13:00 that day.
In addition, the interest rate of US Treasury bonds also fell due to the transfer of funds, and the yield of US 10-year Treasury bonds fell 12 basis points (1 basis point 0.01%) to 1.52%.
The yield on the 10-year U.S. Treasury note once reached 1.68% this week.
Global oil prices have also fallen sharply due to the new coronavirus variant. The crude oil futures prices in West Texas in the United States have fallen by more than 9%, quoting US$71 per barrel.
WHO officials issued a warning on November 25 that a new variant of the new coronavirus has been found in South Africa.
Many countries imposed travel restrictions on Southern Africa on November 26.
Xu Dezhi/CCTV News Client