Red FridaySubmitted by Little & Associates Wealth Management on November 29th, 2021
News of a new, highly virulent COVID variant triggered a market sell-off on Friday, sending stocks into negative territory for the week.
The Dow Jones Industrial Average slid 1.97%, while the Standard & Poor’s 500 slumped 2.20%. The Nasdaq Composite index lost 3.52% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, dropped 1.68%.