News : Live Nation Among Stocks Down Amid Fears Over New COVID-19 Variant

Billboard Staff November 27, 2021
image

Stock prices around the globe fell on Friday (Nov. 26) after the World Health Organization warned of a new, fast-spreading COVID-19 variant discovered in South Africa.

One of the stocks affected most was Live Nation, which dropped 8.06% on Friday in a shortened day of trading. After rising from $67 a share a year ago to a 52-week high of $127.75 a share in early November, the stock closed at $112.66 Monday, then fell to $103.52 today.

The Dow Industrial Average fell 905 points, or 2.5%, marking its largest one-day percentage drop since October 2020.

The World Health Organization said on Friday that the new variant — called Omicron — “has a large number of mutations, some of which are concerning.” The organization added, “Preliminary evidence suggests an increased risk of reinfection with this variant.”

It is not yer clear how widespread the variant is.

RELATED ARTICLES

Role Model Announces New Tour Across UK, Europe and North America

He'll be joined on the road by Samia and Keni Titus in 2026 and 2027, with a huge show lined up at London's O2

June 19, 2026 0 comment

Blossoms Reveal New Album ‘Songs From The Wedding Cake’ And 2026 UK Arena Tour

The Mancunian quintet's sixth studio album drops October 2nd via ODD SK / Distiller Records

June 18, 2026 0 comment

Bruce Springsteen Performs With Patti Smith, Tells Bono: “I Should Have Said Yes”

The Boss was honored with the festival's Harry Belafonte Voices for Social Justice Award.

June 15, 2026 0 comment

Katy Perry, Tyla, Lisa and Anitta Take the Stage at the FIFA World Cup 2026 Opening Ceremony

Two other opening ceremonies took place in Canada and Mexico, marking the first time the tournament has been co-hosted across multiple countries

June 13, 2026 0 comment

Bonobo Reveals New Album Packed With Guest Features, Sets Release Date

The new record marks the DJ and producer's eighth full-length effort.

June 10, 2026 0 comment

Kanye West Sets Release Date for "Bully" Deluxe Edition

Kanye West is currently going on a World Tour, and with "Gemini Season" making the rounds, the artist has a new album dropping.

June 09, 2026 0 comment

Ellie Goulding Releases Empowering New Track ‘Black Prada Dress’

"My initial instinct was I didn't know where it was all going, but I just knew I needed to be in the studio"

June 08, 2026 0 comment

Leave a comment