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

TXT’s Yeonjun Credits BTS Star RM For Helping Him And Soobin Reconnect

Feeling stuck, Yeonjun eventually turned to RM for advice.

April 01, 2026 0 comment

Beyond The Music Festival Confirms 2026 Comeback In Manchester

The third edition will move to a new home at Salford's MediaCity

March 31, 2026 0 comment

Megan Thee Stallion Saves Dog From Euthanasia List, Calls Kill Shelters “Insane”

The rapper named her new "son" Tyger.

March 28, 2026 0 comment

Dexys Midnight Runners Reveal 2026 UK And Ireland Tour After Signing To Heavenly Recordings

They are their first shows under that name since 2003, and dates include a slot at Hackney Empire in London

March 25, 2026 0 comment

Tokischa Cuts Off Her Hair Onstage At New York’s Madison Square Garden

The Dominican artist was the supporting act ahead of FKA Twigs' set Saturday night (March 21).

March 23, 2026 0 comment

RAYE And Hans Zimmer Collaborate On New Song Click Clack Symphony

It is the latest track to be shared from her hotly anticipated second studio album, ‘This Music May Contain Hope’

March 20, 2026 0 comment

BTS Fans Believe Zane Lowe Is Teasing A New Interview

He shared an Instagram post from a very familiar studio.

March 19, 2026 0 comment

GloRilla Reveals Fitness Transformation As Fans React

GloRilla has been taking a bit of a break from music to go all out in the gym, and the progress is becoming noticeable.

March 18, 2026 0 comment

Leave a comment