Sumary of Dow futures plunge 400 points amid fears of new Covid variant found in South Africa:
- A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021.Brendan McDermid | ReutersU.S. stock futures dropped in overnight trading on Thursday as investors geared up for a shortened trading day amid renewed Covid fears over a new variant found in South Africa.
- Futures for the Dow Jones Industrial Average fell more than 400 points, while those for the S&P 500 and the Nasdaq 100 were both in negative territory.
- The downward move in futures came after WHO officials on Thursday warned of a new Covid-19 variant that’s been detected in South Africa.
- The United Kingdom temporarily suspended flights from six African countries due to the variant.