![US futures and oil plunge as new Covid variant fears slam global markets. People here walk outside the Nasdaq building in Times Square](https://abc17news.b-cdn.net/abc17news.com/2021/11/hypatia-h_09e8523f3230106e2e6149d164ac68d3-h_5a8b0f036dedad76c2fc5d01a8f98726-300-375x225.jpg)
Stocks and oil plunge as new Covid variant fears slam global markets
By Laura He and Mark Thompson, CNN Business Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. Asian markets led the way, with Hong Kong’s Hang Seng Index dropping 2.7%, while Japan’s Nikkei 225 was down 2.5%. European markets also sold off
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