Wall Street drops sharply at open on fears over new virus variant

Wall Street drops sharply at open on fears over new virus variant
Reuters
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Synopsis

The Dow Jones Industrial Average fell 437.69 points, or 1.22 per cent, at the open to 35,366.69.

Agencies
U.S. stock indexes opened sharply lower on Friday, with travel, bank and commodity-linked stocks bearing the brunt of a selloff triggered by the discovery of a new and possibly vaccine-resistant coronavirus variant.

The Dow Jones Industrial Average fell 437.69 points, or 1.22 per cent, at the open to 35,366.69.

The S&P 500 opened lower by 36.83 points, or 0.78 per cent, at 4,664.63, while the Nasdaq Composite dropped 180.85 points, or 1.14 per cent, to 15,664.38 at the opening bell.

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