YOUTUBE The stock market just keeps sinking – Dr Boyce Watkins AdminJanuary 18, 2025020 views The stock market just keeps sinking – Dr Boyce Watkins U.S. stock dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from from risk assets. The Dow Jones Industrial Average dropped 900 points, or 2.5%, while the S&P 500 and Nasdaq Composite slid 1.8% and 1.5%, respectively. Friday is a shortened trading day because of the Thanksgiving holiday with U.S. markets closing at 1 p.m. ET. The downward moves came after WHO officials on Thursday warned of a new Covid-19 variant that’s been detected in South Africa. The new variant contains more mutations to the spike protein, the component of the virus that binds to cells, than the highly contagious Delta variant. Because of these mutations, scientists fear it could have increased resistance to vaccines, though WHO said further investigation is needed. According to cnbc.com, U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets. The Dow Jones Industrial Average dropped 1000 points, or 2.8%, for its worst day of the year, while the S&P 500 and Nasdaq Composite slid 2.3% and 2.2%, respectively. Friday is a shortened trading day because of the Thanksgiving holiday with U.S. markets closing at 1 p.m. ET. The downward moves came after WHO officials on Thursday warned of a new Covid-19 variant that’s been detected in South Africa. The new variant contains more mutations to the spike protein, the component of the virus that binds to cells, than the highly contagious delta variant. Because of these mutations, scientists fear it could have increased resistance to vaccines, though WHO said further investigation is needed. The United Kingdom temporarily suspended flights from six African countries due to the variant. Israel barred travel to several nations after reporting one case in a traveler. Two cases were identified in Hong Kong. Belgium also confirmed a case. “When I read that there’s one [case] in Belgium and one in Botswana, we’re going to wake up next week and find one in this country. And I’m not going to recommend anyone buy anything today until we’re sure that isn’t going to happen, and I can’t be sure that it won’t,” CNBC’s Jim Cramer said. The stock market just keeps sinking – Dr Boyce Watkins Tags used for this video: black women,african american women,crypto,cryptocurrency,NFT,bitcoin,financial freedom,money,wealth,finances,investing,stock,immigrants,wealth gap,black people,black unity,black wealth,education,knowledge,real estate,inheritance,rich,wealthy,business,entrepreneur,black excellence,black,savings,debt,debt free,college,property,income,drboycewatkins,stock market,nose dive,covid 19,Africa,covid variant,dow slammed,The stock market just keeps sinking – Dr Boyce Watkins #drboycewatkins #wealth #stockmarket #covid19 For more visit http://boycewatkins.com source