Travel platform Expedia (EXPE) and home sharing site Airbnb (ABNB) are some of the stocks swept into the travel sell-off on Friday over concerns of a variant first detected in southern Africa.
Yahoo Finance's Ines Ferre looks at how markets and travel sectors plunged on Friday amid concerns of a new COVID-19 variants while certain work-from-home and vaccine companies are rising.
Investors' holiday cheer received a rude interruption on Thanksgiving Day 2021: In South Africa, a new coronavirus variant is rising -- and it's terrifying investors with fears of a prolonged cruise industry recession. Shares of Carnival Corporation (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) sank in quick succession as of 10:10 a.m. ET today, falling 10%, 10.2%, and 10.3%, respectively. Initially detected in South Africa, reports CNN, the virus has also popped up in neighboring Botswana and in Hong Kong (carried there apparently by a traveler from South Africa).