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Fears over new Omicron coronavirus variant send Wall Street stocks tumbling

Stocks closed sharply lower on Wall Street on Friday, after the new Omicron coronavirus variant detected in South Africa appeared to be spreading across the globe and the European Union proposed suspending air travel from southern Africa.The Dow Jones Industrial Average lost 905 points. The S&P 500 index fell 2.3 per cent, its worst day since February and the Nasdaq composite had its worst drop in two months.Travel and energy stocks are among the biggest losers, with Royal Caribbean, Carnival…

Read the original article at South China Morning Post

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