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

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.

Looking beneath the hood, the damage was widespread.

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

All Four Botswana “Omicron” Variant Patients Were Fully Vaccinated

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 is a Radio Host at, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

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