Dow futures tumble 700 points on fears over new COVID variant detected in South Africa

U.S. stock futures were deep in the red early Friday, tracking heavy losses in Asian markets after scientists detected a new COVID variant in South Africa that could be the blame for a recent dramatic spike in cases.

Investors are returning to a shortened day of trading following the Thanksgiving Day holiday.

How are stock-index futures trading?
  • S&P 500 futures
    ES00,
    -1.47%

    fell 1.6% to 4,624

  • Dow Jones…

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