INVESTING BITCOIN CANNABIS CRYPTOCURRENCY ETFS EARNINGS FIXED INCOME Search HOME INVESTING EARNINGS RECAP: NORDSTROM, GAP, DELL, HP, VMWARE NOV 26, 2021 11:06 AM EST Macy's, Nordstrom, Other Retailers Drop on Black Friday Variant News A new Covid-19 variant is weighing on markets with retailers looking for a strong start to the holiday season getting hammered. TONY OWUSU Big box retailers were fairing slightly better with Target (TGT) - Get Target Corporation Report declining 0.4%, Walmart (WMT) - Get Walmart Inc. Report falling 0.14% and Costco (COST) - Get Costco Wholesale Corporation Report was flat. The S&P Retail Select Index (XRT) - Get SPDR S&P Retail ETF Report fell 3%. The World Health Organization will hold an emergency meeting Friday following the discovery of the variant, known as B.1.1.529, in a traveler visiting Israel from South Africa earlier this week. It has also been identified in Hong Kong, according to U.K. health officials. The variant carries a spike protein — the basis for infection — that is vastly different to that which current vaccines are designed to neutralize, health authorities have said, and is mutating fast. Britain has restricted travel from South Africa, and several neighboring countries as a result, with the European Union following shortly after. Airline and travel stocks were also seeing pressure Friday. Our Black Friday sale has started for Real Money! Get in on the conversation and get the latest investment ideas and trading strategies. Click here and see our best deal: 76% off. BY TONY OWUSU SEE MORE Terms Of Use Reviews Privacy Policy Advertise Market Holidays 2021 Customer Service Data Topic Dictionary Subscriptions © 2021 TheStreet, Inc. All rights reserved. Action Alerts PLUS is a registered trademark of TheStreet, Inc.