Stocks, oil prices, and bond yields plunged Friday as fears surrounding a new, heavily-mutated variant of Covid-19 slammed investor sentiment and ratcheted up volatility.
The Dow Jones Industrial Average had its worst day of the year, falling 905 points, or 2.5% in holiday-shortened trading. The S&P 500 ended 2.3% lower, while the Nasdaq Composite declined 2.2%. This was the worst Black Friday on record for all three indexes.
Crude…
