US Dow Plunges More Than 900 Points, Losing 2.5% On COVID Variant Fears

Faizan Hashmi Published November 26, 2021 | 11:10 PM

US Dow Plunges More Than 900 Points, Losing 2.5% on COVID Variant Fears

WASHINGTON (UrduPoint News / Sputnik - 26th November, 2021) The US Dow Jones Industrial Average closed 905 points lower, losing 2.5%, as all sectors slid sharply into negative amid rising concerns over the newly identified COVID-19 variant spreading in South Africa.

The new variant, B.1.1.529, is reported to carry an exceptionally high number of mutations, many of them in spike proteins, the main target of COVID-19 vaccines, potentially making it even more transmissible.

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