Today’s charts

The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday as countries rushed to suspend travel from southern Africa and  traders are waiting to hear from health experts to determine if new government restrictions will come into play. Later in the day, the US banned all travelers from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi.

Markets across the globe saw their biggest losses in more than a year.

The S&P 500 fell 106.84 points or 2.27%

The Canadian TSX dropped 487.28 points or 2.25%.

The German DAX got hammered, down 660.94 points, or 4.15%. 

Oil was smacked on new variant news, down 10.24, or 13.06%.

Gold was flat after taking a big hit on Tuesday.

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