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in Economics by ASKY Obsessed (15.2k points) 11 75 109

Black swan took off on Black Friday or how Omicron affects markets and the world economy?

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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