"It's not yet clear if this B.1.1529 Covid variant, dubbed "Nu," is more infectious or deadly"

That's Investor's Business Daily, here's more:

Futures, Oil, Yields Sell Off Hard On 'Nu' Covid Fears

Dow Jones futures and S&P 500 futures sold off Friday morning, while Nasdaq futures fell solidly, as crude oil prices and Treasury yields plunged amid the latest coronavirus variant, and Covid-related travel restrictions....

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.....New Coronavirus Variant

A new coronavirus variant from South Africa with a high number of mutations is raising concerns. It's not yet clear if this B.1.1529 Covid variant, dubbed "Nu," is more infectious or deadly — or if existing vaccines will be less effective, but health officials are worried. The World Health Organization is meeting to discuss the new coronavirus variant. The WHO cautioned against new travel restrictions.

But already the U.K. is suspending flights from South Africa and five neighboring countries. Singapore is barring travelers from southern Africa as well, while Israel is barring travel from most of Africa. At least two cases of the new Covid strain have been found in travelers to Hong Kong.

The fears over the new coronavirus variant come as Covid cases have ramped up in much of the world, including Europe. Austria has just gone back under a new lockdown. U.S. Covid cases, after rising for a few weeks, might be leveling off, but that's unclear. U.S. coronavirus deaths have continued to decline.

Dow Jones Futures Today

Dow Jones futures tumbled 2.2% vs. fair value, spurred by Covid variant fears. S&P 500 futures retreated 1.6% and Nasdaq 100 futures lost 0.9%. Energy, financial and travel-related stocks were among the hardest hit.....

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