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in Economics by Questions Master (9.3k points)

The black swan took off from South Africa on black friday (november 26) to crash world capital markets.

US stock indexes sank: the measure of the 30 large companies Dow Jones fell by 2.53%, the broad S&P 500 erased 2.27%, the technology Nasdaq lost 2.14%. Against the background of concerns about the new strain and the lack of specific information about it, the shares of airlines and cruise operators depreciated the most: Delta Air Lines Inc. (-8.3%), United Airlines Holdings Inc. (-9.6%), American Airlines Group Inc. (-8.8%), Carnival Corp. (-11.1%), Royal Caribbean Group (-13.2%). Oil companies fell after the fall in oil prices: Exxon Mobil Corp. (-3.5%), Chevron Corp. (-2.3%).

In addition, the price of securities of companies whose business could benefit from a new wave of quarantine restrictions has risen: Netflix Inc. (+ 1.1%), Zoom Video Communications (+ 5.7%), sports equipment manufacturer Peloton Interactive Inc. (+ 3.4%).

At the same time, the share prices of vaccine manufacturers against COVID-19 Moderna Inc. and Pfizer Inc. jumped 21% and 6.1% on Friday, respectively...WTF

 

 

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