The stock market today: why stock, oil and bond yields plummeted

Equities, oil prices and bond yields fell on Friday as fears surrounding a new, highly mutated variant of Covid-19 repelled investor sentiment and increased volatility.

The Dow Jones Industrial Average had its worst day of the year, falling 905 points, or 2.5% in the holiday shortened trade. The S&P 500 ended 2.3% lower, while the Nasdaq Composite fell 2.2%. This was the worst Black Friday recorded for all three indices.


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