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Dow plummets nearly 700 points as COVID variant sparks global selloff

Dow plummets nearly 700 points as COVID variant sparks global selloff

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U.S. stocks opened sharply lower Friday, joining a global equity selloff following the discovery in South Africa of a variant of the coronavirus that causes COVID-19. The Dow Jones Industrial Average DJIA, -2.57% was down 694.53 points, or 1.9%, at 35,109.85 after falling more than 800 points in early action, while the S&P 500 SPX, -1.81% dropped 62.31 points, or 1.3%, to 4,639.15.

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