Dow futures plunge 800 points amid fears of new Covid variant found in South Africa

dow futures plunge 800 points amid fears of new covid variant found in south africa

Sumary of Dow futures plunge 800 points amid fears of new Covid variant found in South Africa:

  • On Wednesday, shares of Gap and Nordstrom tanked more than 20%, but Kohl’s jumped more than 10% a week ago after reporting strong sales growth.
  • Retail executives spoke during the quarter about how they are managing supply chain issues and inflation.
  • It also remains to be seen if discussion around supply chain issues caused consumers to start their holiday shopping early, potentially denting fourth-quarter sales.

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