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US Stocks Suffer on Black Friday As Markets React to Travel Bans with South Africa and Other African Countries

By Joe Hoft
Published November 26, 2021 at 6:00pm
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The US Markets took a huge hit on Black Friday as the world reacts to news of a new type of COVID coming out of Africa.

Market Watch reports:

Wall Street stocks skidded sharply lower on Black Friday as investors reacted to fresh travel bans resulting from the discovery in South Africa of a new variant of the coronavirus that causes COVID-19.

The Dow Jones Industrial Average DJIA, -2.53%, the S&P 500 index SPX, -2.27% and the Nasdaq Composite COMP, -2.23% were all down by at least 2% for the day, the major U.S. shopping day known as Black Friday on which retailers are traditionally perceived to enter the black for the year.

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Looking beneath the hood, the damage was widespread.

We reported earlier today on the NU Covid court of Africa:

New COVID Virus Variant Identified in Africa Is “Highly Transmissible and Vaccine-Resistant”

Biden put in place a travel ban from Africa today.

Joe Biden Bans Travel From South Africa, 7 Other African Nations Due to New “Highly Transmissible” Covid Variant

The uncertainty of this Omicron variant is causing more fear and panic and it shows in the markets today.

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Joe Hoft
Joe Hoft is the twin brother of TGP's founder, Jim Hoft, and a contributing editor at TGP. Joe's reporting is often months ahead of the Mainstream media as was observed in his reporting on the Mueller sham investigation, the origins of the China coronavirus, and 2020 Election fraud. Joe was a corporate executive in Hong Kong for a decade and has years of experience in finance, IT, operations and auditing around the world. The knowledge gained in his career provide him with a unique perspective of current events in the US and globally. He has ten degrees or designations and is the author of three books. Joe is currently co-host of the morning radio show in St. Louis at 93.3 "Tomorrow's News Today". His new book: 'In God We Trust: Not in Lying Liberal Lunatics' is out now - please take a look and buy a copy.







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