Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 28/05/2022 07:53 
26.11.2021 18:27 News >> US Stocks Dive Sharply As New Virus Variant Rattles Global Markets

US Stocks Dive Sharply As New Virus Variant Rattles Global Markets

VIX volatility up 40% with uncertainty, risk of lower oil demand cause 7% loss in crude prices.

Major indices in the US stock market took a nosedive at opening bell on Friday, as a new coronavirus variant has rattled global markets and caused a major selloff.
The blue-chip Dow plummeted 891 points, or 2.5%, to 34,912 at 9.53 a.m. EDT, while the S&P 500 fell 82 points, or 1.76%, to 4,618.
Tech-heavy Nasdaq decreased 198 points, or 1.25%, to 15,645.
The steep decline came amid fears that a new coronavirus variant known as B.1.1.529 in South Africa could prompt quarantine measures, closure of businesses, and halt economic recovery around the world once again.
Growing fear rattled markets around the world on Friday, as Asian indices lost around 2%, while European stock exchanges fell more than 3%.
Amid heightened uncertainty, the VIX volatility index, known as the fear index, jumped almost 40% to 25.84 at the time.
The dollar index was down 0.6% to 96.21, while the yield on 10-year US Treasury notes fell 7.8% to 1.516%.
With the potential risk of lower global oil demand due to the new variant, oil prices plummeted around 7%. Price of Brent crude fell 6.9% to $76.58 a barrel and the US benchmark West Texas Intermediate crude lost 7.8% to $72.29.
Precious metals were mixed but investors rushed to gold as a safe haven asset, which rose 0.63% to $1,800 an ounce. Silver, however, was down 1% to $23.36 an ounce. -



        Latest News
Anadolu Agency's Morning Briefing - May 28, 2022 -1 minutes ago...
Daily briefing on latest developments in Turkiye and around the world.
African Journalists Closely Follow Turkish Media Outlets 29 minutes ago...
2 day Turkiye Africa Media Summit was recently organized by Communications Directorate in Istanbul.
8Th Mercy To Universe Film Festival Set For November 29 minutes ago...
International festival in Istanbul will highlight aspects of life of Prophet Muhammad.
Palestinian Official Heads To Egypt To Discuss Gaza Reconstruction 29 minutes ago...
Essam al Dalis holds top government position in the Gaza Strip.
Turkish Cuisine Promoted In Irish Capital -1 minutes ago...
Event in Dublin held as part of May 21 27 Turkish Cuisine Week.

 
      Top News
Djibouti Court Sentences Ex-Minister, Police Chief For Phone Tapping Djibouti Court Sentences Ex-Minister, Police Chief For Phone Tapping
Chinese Tech Firm Baidu Sees Revenue Growth Despite COVID Measures Chinese Tech Firm Baidu Sees Revenue Growth Despite COVID Measures
Swazi Youths Beating 'Drums Of War' Swazi Youths Beating 'Drums Of War'
World Health Assembly Calls On Russia To Cease Attacks On Ukraine's Health Facilities World Health Assembly Calls On Russia To Cease Attacks On Ukraine's Health Facilities
Czech Star Pliskova Eliminated In 2Nd Round Of French Open Czech Star Pliskova Eliminated In 2Nd Round Of French Open
Burkina Faso's Bakeries Shut Down Over Soaring Wheat Prices Burkina Faso's Bakeries Shut Down Over Soaring Wheat Prices
6.9M Somalis Under Severe Food Insecurity: Gov't 6.9M Somalis Under Severe Food Insecurity: Gov't
China Acknowledges 'Difficulties' In Development Policy China Acknowledges 'Difficulties' In Development Policy
Oil Prices Up With Tight Global Supply Oil Prices Up With Tight Global Supply
Diary Diary