• Get in Touch
  • Get in Touch with our Support!
  • Privacy Policy
Tuesday, February 7, 2023
OvaNewsBlast.com
  • Home
  • News
  • African Americans
  • Business
  • Sports
  • Technology
  • Entertainment
No Result
View All Result
  • Home
  • News
  • African Americans
  • Business
  • Sports
  • Technology
  • Entertainment
No Result
View All Result
OvaNewsBlast.com
No Result
View All Result

Stocks and Oil Drop Amid New Coronavirus Variant

November 27, 2021
in Technology
Reading Time: 2min read
A A
Stocks and Oil Drop Amid New Coronavirus Variant
0
SHARES
3
VIEWS
Share ShareShareShareShareShare

“The pandemic and Covid variants remain one of the biggest risks to markets, and are likely to continue to inject volatility,” Keith Lerner, a strategist at Truist, wrote in a note to clients.

Updated 

Nov. 27, 2021, 4:57 p.m. ET

Mr. Lerner said a modest sell-off is hardly unexpected, given the heights at which stocks have been trading. “We are not making any changes to our investment guidance at this point,” he wrote, adding that consumers and companies are much more adept at dealing with virus restrictions now.

Futures of West Texas Intermediate oil, the U.S. crude benchmark, plummeted more than 13 percent to $68.04 a barrel, the lowest since early September. The price of oil has been especially sensitive to virus restrictions that keep people at home. The drop comes just three days after the United States and five other countries announced a coordinated effort to tap into their national oil stockpiles, to try to drive down rising gas prices.

Brent futures, the European benchmark, fell 11 percent to about $73 a barrel. But Mr. Ganesh said UBS forecasts that the price will rise to $90 a barrel by March, partly in the expectation that the fears about new virus restrictions will be temporary.

Demand for the relative safety of government bonds jumped, pushing their prices up and their yields down. The yield on the 10-year U.S. Treasury plunged 15 basis points, or 0.15 percentage points, to 1.48 percent, the biggest single-day drop since March 2020. The yield on Germany’s bund, Europe’s benchmark bond, fell 9 basis points to minus 0.34 percent.

In an echo of the market fluctuations of last year, stocks that flourished under lockdowns and quarantines rose, including Zoom and Peloton. Companies vulnerable to travel restrictions, like Carnival, the cruise company, and Boeing, the plane maker, fell.

In Asia, the Nikkei 225 in Japan closed 2.5 percent lower and the Hang Seng Index in Hong Kong declined 2.7 percent.

Credit: Source link

ShareTweetSendSharePinShare
Previous Post

US joins in restricting travels from African countries over new covid variant

Next Post

World Races To Contain New COVID Threat, the Omicron Variant | News, Sports, Jobs

Next Post
World Races To Contain New COVID Threat, the Omicron Variant | News, Sports, Jobs

World Races To Contain New COVID Threat, the Omicron Variant | News, Sports, Jobs

  • Trending
  • Comments
  • Latest
Black box economics: Russia’s internal struggle over classified financial data

Black box economics: Russia’s internal struggle over classified financial data

January 29, 2023
Blackstone Charitable Foundation Commits $5 Million To Five New Colleges in Florida, Including New Historically Black College and University and Hispanic Serving Institutions

Blackstone Charitable Foundation Commits $5 Million To Five New Colleges in Florida, Including New Historically Black College and University and Hispanic Serving Institutions

December 8, 2022
Ex-Marine, Incoming President of Aflac Shares How Grit and Doing Grunt Work Propelled Him

Ex-Marine, Incoming President of Aflac Shares How Grit and Doing Grunt Work Propelled Him

December 8, 2022
ESSENCE Girls United Summit is Returning to Empower The Next Generation of Black Leaders | Business

Dr. Tameka Bradley Hobbs Selected as New Manager of African American Research Library and Cultural Center | Business

December 8, 2022
Reviving Roots Therapy and Wellness – MSR News Online

Reviving Roots Therapy and Wellness – MSR News Online

December 2, 2022
Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

February 6, 2023
Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

February 6, 2023
Black Woman Makes History, Wins First Place in Ms. Wheelchair 2023 Pageant

Black Woman Makes History, Wins First Place in Ms. Wheelchair 2023 Pageant

February 6, 2023
MFAH Gordan Parks’ Stokely Carmichael and Black Power Exhibit

MFAH Gordan Parks’ Stokely Carmichael and Black Power Exhibit

February 5, 2023
Xavier Houston Alumni Mardi Gras Gala

Xavier Houston Alumni Mardi Gras Gala

February 5, 2023

Recent News

Former Twitter Employees Raise $2.75M In A Pre-Seed Round For Their New Social Media App Spill

Former Twitter Employees Raise $2.75M In A Pre-Seed Round For Their New Social Media App Spill

February 1, 2023
Take Your Child to the Library Day, Celtic Music with The Jolly Beggars, Poetry, Music and More!

Take Your Child to the Library Day, Celtic Music with The Jolly Beggars, Poetry, Music and More!

February 1, 2023
Pennsylvania Avenue: Where Black art and entertainment was celebrated in Baltimore

Pennsylvania Avenue: Where Black art and entertainment was celebrated in Baltimore

February 2, 2023
Baltimore couple opens Beauty Plus in new Northwood Commons shopping center

Baltimore couple opens Beauty Plus in new Northwood Commons shopping center

February 2, 2023
OvaNewsBlast.com

A reliable source for African American news, from a different lens. Yours. News about us, by us.

Follow Us

Recent News

Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

February 6, 2023
Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

February 6, 2023

Topics to cover !

  • African Americans
  • Business
  • Entertainment
  • News
  • Sports
  • Technology
  • Get in Touch
  • Get in Touch with our Support!
  • Privacy Policy

© 2020 ovanewsblast.com - All rights reserved!   Download Our App   Read News on odbnewsblast.com

No Result
View All Result
  • Home
  • News
  • African Americans
  • Business
  • Sports
  • Technology
  • Entertainment

© 2020 ovanewsblast.com - All rights reserved!   Download Our App   Read News on odbnewsblast.com