Here’s what the Black Friday carnage may mean for the stock market’s trade Monday, analysts say
The new, fast-spreading B.1.1.529 strain of coronavirus declared a variant of concern by the World Health Organization roiled global markets on Black Friday, raising concerns about how the economy and Wall Street may perform in the coming week, following a selloff that wiped out November gains for the S&P 500 index SPX, -2.27% and the Nasdaq Composite COMP, -2.23% and sent the Dow Jones Industrial Average DJIA, -2.53% down by the most in a day since Oct. 28, 2020.
In theory, Friday’s post-Thanksgiving environment is traditionally lightly traded and therefore more susceptible to outsize price swings.
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