COVID Variant Slams Stocks, Black Friday – 5 Things You Must Know

Here are five things you must know for Friday, November 26:

1. — Stock Futures Tumble As Variant Discovery Triggers ‘Risk Off’ Trade

U.S. equity futures plunged lower Friday, setting up Wall Street for one of the worst trading days of the year, as investors retreated from risk markets around the world amid concerns over the impact of a dangerous new variant of the virus that causes COVID-19.

The World Health Organization will hold an emergency meeting Friday following the discovery of the variant, known as B.1.1.529, in a traveler visiting Israel from South Africa earlier this week. It has also been identified in Hong Kong, according to U.K. health officials. 

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