Covid Fears Pulled the Markets Down. Here’s When You Should Really Start to Worry.
It ain’t over till it’s over. And the pandemic ain’t over yet. But while Covid ruined Black Friday for investors, all is not lost for this bull market.
A new coronavirus variant discovered in South Africa, dubbed Omicron, caused stocks to fall sharply in a holiday-shortened trading session on Friday. The S&P 500 index dropped 2.2% for the week, while the Dow Jones Industrial Average lost 2%. The Nasdaq Composite fell 3.5%.