The stock market plummeted Friday following reports that a new, more contagious variant is rapidly spreading in South Africa and parts of Europe.
The Dow Jones Industrial Average (DJIA), an index measuring 30 major U.S. corporations, dropped 2.32% immediately after markets opened Friday. The S&P index, which measures 500 of the largest publicly traded companies, fell 1.72%, while the NASDAQ, an index composed largely of technology firms, declined 1.71%.
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