The US stock market is suffering an ugly sell-off on Black Friday. Here are the biggest losers (and winners).

Wall Street shares fell sharply on Black Friday as investors reacted to the new travel ban caused by South Africa’s discovery of a new type of coronavirus that causes COVID-19.

Dow Jones Industrial Average
DJIA,
-2.53%
And
S&P 500 . Index
SPX,
-2.27%

And the Nasdaq
COMP,
-2.23%

They are all down at least 2% for the day, the main shopping day in the US known as Black Friday and which is traditionally seen as retailers entering the black zone of the year.

Looking under the hood, the damage was extensive.

energy stock

S&P 500 energy sector
SP500.10,
-4.04%

Closed down 4% in crude oil prices
XLE,
-4.02%

Trading on the New York Mercantile Exchange Saw a double-digit percentage drop.

SPDR Energy Sector Selection Fund
XLE,
-4.02%

It decreased by 4%. The fund was led by declines in APA Corp.
what or what,
-8.28%
And
Occidental Petroleum
OXY,
-7.22%
And
Devon Energy Corp.
DVN,
-5.30%

and Marathon Oil Company.
MRO,
-6.71%
.

Finance

The financial sector was the second-worst performer on Black Friday of the 11 sectors in the S&P 500
SPX,
-2.27%
And
Affected by the decline in Treasury yields, particularly 10-year Treasury bonds
TMUBMUSD10Y,
1.479%
.

S&P 500 Financial Sector
500.40 SP,
-3.27%

It was 3.3%. SPDR Financial Sector Choice Fund ETF
XLF,
-3.32%
And
Which measures the sector index, led by declines in American Express.
AXP,
-8.62%
And
comerica company
CMA,
-5.80%
And
Huntington Bankshares Inc.
love,
-5.99%
And
Wells Fargo & Company
WFC,
-5.61%

and Invesco
IVZ,
-5.24%
.

medicine stock

Pharmaceutical manufacturers’ shares rose, with shares of Moderna Inc
mRNA,
+ 20.57%
And
Which makes it one of the most popular COVID vaccines, with a rise of over 20%. Pfizer shares PFE I advanced by 6%.

However, these gains did not provide a significant boost to drug-related funds, including the Invesco Dynamic Pharmaceuticals ETF.
PJP,
-1.59%
And
which finished down 1.6%; iShares US Pharmaceuticals ETF
IHE,
+ 0.20%
And
only 0.2% rise per day; and SPDR S&P Pharmaceuticals ETF
xph,
-1.94%
And
down 1.9%.

Travel related stocks

The popular US Global JETS fund related to airlines, which has become a good indicator of the market’s view on progressing out of the restrictions associated with the pandemic and towards economic recovery, closed down 7.2%.

Boeing Aircraft Corporation.
Bachelor’s ,
-5.41%

5% dipand Southwest Airlines
luv,
-4.32%

Inventory is down more than 4%. American Airlines shares
AAL,
-8.79%

It fell sharply, losing 8.8%. Meanwhile, Expedia shares
EXPE,
-9.48%

They fell 9.5% and United Airlines
UAL,
-9.57%

Almost 10% was traded.

A separate exchange-traded fund sometimes used to express optimism about changes in activity related to COVID restrictions, ETFMG Travel Tech ETF
Away,
-6.44%
And
It fell 6.4% on Friday.

Trade at home

However, a number of stocks in the house outperformed the broader market. Video conferencing company Zoom Video Communications Inc.
ZM,
+ 5.72%

It rose 5.7%, while streaming giant Netflix
NFLX,
+ 1.12%

Gained 1.1%.

ETF Direxion work from home,
W.F.H.,
-1.22%

He lost 1.2%. The decline in Avaya Holdings Corp.
AVYA,
-5.25%
And
Xerox Holding Company
XRX,
-4.65%

and Progress Software Corp.
PRGS,
-3.86%

It was the worst performing ETF.

cipher

Cryptocurrency prices have also been taking it to the chin.

Bitcoin
BTCUSD,
+ 0.69%

It is down 5% in the past 24 hours, trading at $54,840 midday Friday on CoinDesk. The cryptocurrency has fallen more than 20% from its all-time high of $68,990 on November 10, meeting a common benchmark for a bear market in an asset.

paying off: Major cryptocurrencies collapse amid concerns about novel coronavirus variant

dollar

Meanwhile, the US dollar was down 0.7% during the session according to the ICE US Dollar Index
DXY,
-0.73%
And
Pulling it down from near a 16-month high.

.

Leave a Reply

Your email address will not be published.