During Market hours on Friday – 26.11.2021:

  • The Dow (Symbol: DIA) went down 2.52%. The S&P 500 (Symbol: SPY) lost 2.23% and the Nasdaq (Symbol: QQQ) fell 1.90%.
  • United Airlines (Symbol: UAL), American Airlines (Symbol: AAL) — Airline stocks were hit hard during Friday’s sell-off, as the new Covid variant sparked travel restrictions. Shares of United and American dropped 9.6% and 8.8%, respectively. Delta (Symbol: DAL) lost 8.3%, and aircraft maker Boeing (Symbol: BA) slid 5.4%.
  • Marriott International (Symbol: MAR), Airbnb (Symbol: ABNB) — Travel stocks took a hit after news of the new Covid variant. Hotel stocks Marriott and Hilton (Symbol: HLT) retreated 6.5% and 6.3%, respectively. Airbnb fell 3.4%. Expedia (Symbol: EXPE) sunk 9.5%.
  • Carnival (Symbol: CCL), Royal Caribbean (Symbol: RCL) — Cruise line stocks also retreated as Covid fears swelled. Carnival shed 11%, Norwegian Cruise Line (Symbol: NCLH) sunk 11.4%, and Royal Caribbean fell more than 13.2%.
  • Zoom Video (Symbol: ZM) — Zoom Video shares jumped 5.7%, as investors piled into stay-at-home stocks amid the broad market sell-off. Peloton (Symbol: PTON) also advanced 5.7%. Both stocks are still down heavily for 2021, however, as investors have rotated into areas of the economy that benefitted from the economic reopening.
  • Moderna (Symbol: MRNA), Pfizer (Symbol: PFE) — Vaccine makers saw their shares rally after the Covid variant news. Moderna surged 20.6%, Pfizer jumped 6.1%, BioNTech (Symbol: BNTX) gained 14.2% and Novavax (Symbol: NVAX) added roughly 9%. Other health-care stocks also gained as Covid fears grew. Quest Diagnostics (Symbol: DGX) rose 3.6% while Incyte (Symbol: INCY) added 2.5%.
  • Merck (Symbol: MRK)— Merck shares retreated 3.8% after the drugmaker’s experimental Covid-19 pill showed a lower efficacy rate in updated data than was seen in an earlier study.
  • Occidental Petroleum (Symbol: OXY) – Shares of the exploration and production company tumbled 7.2% amid a broad decline in energy stocks. U.S. oil slid about 13%, falling below $70 amid fears over the new Covid variant. Marathon Oil (Symbol: MRO) declined 6.7%, Devon Energy (Symbol: DVN)  fell 5.3% and APA (Symbol: APA) retreated 8.3%. Every component in the S&P 500 energy sector declined during Friday’s holiday-shortened trading session.
  • Bank of America (Symbol: BAC), Citigroup (Symbol: C) — Bank stocks tumbled on Friday as the new Covid variant raised fears about economic growth and drove Treasury yields lower. Shares of Bank of America lost 3.9%, Citigroup fell 2.7%, while Goldman Sachs (Symbol: GS) dropped around 2.5%.
  • Tesla (Symbol: TSLA) — Tesla shares slid 3.1% after a report that the company will invest $188 million to expand production capacity at its Shanghai factory.

During Premarket hours today (Monday – 29.11.2021):

  • Moderna (Symbol: MRNA) — Shares of the vaccine maker continued their rally, jumping more than 11% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna could roll out a reformulated vaccine against the omicron variant of Covid early next year.
  • Cruise lines — Carnival (Symbol: CC:), Royal Caribbean Cruises (Symbol: RCL) and Norwegian Cruise Line Holdings (Symbol: NCLH) each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.
  • Coinbase (Symbol: COIN) — The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with Microstrategy (Symbol: MSTR) rising 3.4%. Tesla (Symbol: TSLA) and Square (Symbol: SQ) added more than 1%.
  • Zoom Video (Symbol: ZM) — Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including Peloton, Netflix and Teladoc.
  • Merck (Symbol: MRK) — The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.
  • Wynn Resorts (Symbol: WYNN), Las Vegas Sands (Symbol: LVS) — The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post. Wynn fell 1.9% and Las Vegas Sands fell 1.2%.

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