HOME ABOUT US SERVICES SEMINARS RESOURCES CONTACT Investment Updates After Breaking Records For Six Weeks, Stocks Dropped -2.3% Friday Published Friday, November 26, 2021 at: 7:42 PM EST The Standard & Poor’s 500 dropped 2.3% on Friday, its worst one-day loss since February. Only five trading days earlier, the S&P 500 had closed at a record high. Friday’s abrupt reversal occurred after a handful of nations, including the United States, reinstated travel restrictions on visitors coming from southern Africa, a precaution taken to prevent the spread of a new variant of Covid-19. Whether the new variant is prevented by existing vaccines is not yet known. Friday’s loss followed a surge that began at the start of October in which the stock market soared for six weeks. The S&P 500 had closed at an all-time high on November 18. This Friday’s close was 2.2% lower than last Friday’s. With markets closed for Thanksgiving yesterday, the Standard & Poor’s 500 stock index, closed two-hours earlier than normal on this Black Friday, at 4,594.62. Trading volume was much heavier than had been expected. The S&P 500 stock index, a barometer of U.S. strength, is up an astounding +69% from the March 23, 2020, Covid bear-market low. Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences. You should consult the appropriate financial professional regarding your specific circumstances. The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions. This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice. This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice. ©2021 Advisor Products Inc. All Rights Reserved. More articles Already Higher Than Ever, Leading Economic Index Surged Again In October Five Observations For Investment Planning For The Decades Ahead Financial Economic Outlook S&P 500 Closed Friday At Record High Again On Strong Earnings Reports With Economic Recovery Intact, Stocks Are Near Record Again Are The Five Stocks Driving The Market's Great Returns Overvalued? Despite Gloomy Jobs Report, The Economic Outlook Remains Bright S&P 500 Rebounded Today After A Difficult Week And Month China Financial Contagion Fears Come And Go In A Few Days August Retail Sales Indicate The Recovery Is Intact This Week’s Financial Economic News Latest Financial Economic News For Investors After Fed Inflation Policy Speech, Stocks Closed At New Record High Stocks Closed 1% Off All-Time High; Strong New Economic Data Stocks Broke Record High Again This Week More Resources Investment Updates Planning Briefs Market Data Bank Problem Solvers Helpful Websites Videos Planning for you As your financial partner, our mission is to provide you the information you need to make the choices that matter most in your life. SCHEDULE AN APPOINTMENT Navigation Links Home About Us Services Seminars Resources Contact Tell A Friend Contact Us The Dover Group 900 Washington Street, Elm Bank Horticulture Center Wellesley, MA 02482 Phone: 781-416-1840 Fax: 781-416-1841 Privacy Policy Disclosure Form CRS © 2021 The Dover Group. All Rights Reserved Financial planning provided by Williams Advisory Services, LLC, a Registered Investment Adviser. This message is intended for the use of the person(s) to whom it is addressed. It may contain information that is privileged, confidential, proprietary, and/or exempt from disclosure under applicable law × This website uses cookies for navigation, content delivery and other functions. By using our website you agree that we can place cookies on your device. I understand