After Breaking Records For Six Weeks, Stocks Dropped -2.3% Friday

Published Friday, November 26, 2021 at: 7:42 PM EST

The Standard & Poor’s 500 dropped 2.3% on Friday, its worst one-day loss since February. Only five trading days earlier, the S&P 500 had closed at a record high. Friday’s abrupt reversal occurred after a handful of nations, including the United States, reinstated travel restrictions on visitors coming from southern Africa, a precaution taken to prevent the spread of a new variant of Covid-19.  Whether the new variant is prevented by existing vaccines is not yet known. Friday’s loss followed a surge that began at the start of October in which the stock market soared for six weeks. The S&P 500 had...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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