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U.S. Equity Futures Collapse Over Concerns About Covid Variants

Naked variant, naked worries

The new variant of covid will be called “nu” if it is considered a “variant of concern” by the WHO at tomorrow’s special meeting or a subsequent meeting.

For now though, traders are playing it safe. I think that sentiment is amplified because we’re heading into a weekend and there’s a chance the new variants will be a lot worse by the time markets reopen on Monday.

S&P 500 futures are down 39 points.

Dow futures are almost 400 points lower and NQ futures are 60 points lower.

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