Reporters reported that Today (26 Nov 2021), the Dow fell almost 900 points today as investors panic over the news of the Covid-19 virus. New species in South Africa As a result, the British and Israeli governments announced the suspension of flights from several African countries.
As of 10:46 p.m. Thai time, the Dow Jones Industrial Average was 34,855.00, minus 890.00, or 2.49%, while the S&P 500 and Nasdaq also fell on the pressure.
Because investors are worried about the news of the Covid-19 virus. A new strain in South Africa called B.1.1.529 is a virus that can evade immunity. As a result, the British government has temporarily suspended flights from six African countries: Namibia, Lesotho, Zimbabwe, Botswana, Eswatini and South Africa.
British Health Minister Sajid Javid said: “England needs to take precautions at this time. Starting at noon on Friday, November 26, all six of these countries will be included on the Red List and flights from these six countries will be prohibited. to travel to England temporarily.”
The Israeli government has suspended flights from seven African countries: Namibia, Lesotho, Zimbabwe, Botswana, Eswatini, Mozambique and South Africa. The Israeli Prime Minister’s Office said in a statement that “Foreigners arriving from these seven countries cannot enter Israel. As for Israeli citizens returning from these countries They will be quarantined in the hotel for seven days, even after they have received the full dose of the vaccine.”
The US dollar was down against the major currencies today. As investors keep an eye on the spread of the COVID-19 virus new species
As of 7:20 p.m. PST, the dollar index, which measures the dollar’s movements against the six major currencies in a basket of currencies, was down 0.51% to 96.28.
Meanwhile, higher inflation in the US coupled with strong economic data and President Joe Biden’s decision to nominate Jerome Powell as the Federal Reserve’s (Fed) chairman for a second term has led investors to expect the Fed to raise interest rates as early as next year. Which has put pressure on the US stock market all week.
Investors will keep an eye on retail company sales on Black Friday (the Friday after Thanksgiving) to gauge consumer spending trends. After a number of retailers previously reported disappointing results in 3Q21, including Nordstrom. which is a major department store in the United States and Gap Inc., a major US apparel retailer.
Trading is expected to be sluggish. Because the New York Stock Exchange is only open for half a day today.
