TODAY'S TOP STORIES

After turning higher over the course of Wednesday's session, stocks showed a substantial move back to the downside during post-holiday trading on Friday. With the steep drop on the day, the major averages fell to their lowest closing levels in at least a month.

Amid a surge in Covid infections in the United States, deaths due to the pandemic fell by 10 percent in the last two weeks. The weekly average was 1,066, as per latest data provided by the New York Times. The seven-day average of cases increased by 20 percent in a fortnight, to 92,221. With 34544 new cases reporting on Wednesday, the total number of Covid infections in the United States rose to 4

Stocks have moved sharply lower in morning trading on Friday as trading resumes following the Thanksgiving Day holiday on Thursday. With the steep drop on the day, the Dow has tumbled to its lowest intraday level in over a month.

With trading resuming following the Thanksgiving Day holiday on Thursday, stocks are likely to come under pressure in early trading on Friday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 809 points.

Sharply lower U.S. index futures and a sell-off in Asian and European markets point to a negative start for U.S. stocks Friday morning.

The discovery of a new Covid-19 variant in South Africa, which appears to be spreading fast, prompted other countries to take precautionary measures. The latest scare in the pandemic was disclosed by South Africa's health minister Joe Phaahla at a news conference Thursday. "Initially it looked like some cluster outbreaks, but from yesterday, the indication came from our scientists from the Netwo

This Black Friday and the following holiday season, retailers across the United States are urged to keep up their inventory amid expected surge in shopping as majority of Americans wait till last minute to fill their baskets, according to certain studies. A new Oracle Retail survey, which was conducted last week and presented earlier this week, showed that 66 percent of consumers were less than

The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.00 A.M. ET).

European stocks fell sharply on Friday as reports of a newly identified and possibly vaccine-resistant coronavirus variant added to concerns over surging Covid cases in Europe. Little is known of the variant detected in South Africa, Botswana and Hong Kong, but scientists said it may be able to evade...

European stocks are seen opening sharply lower on Friday amid worries that new variants of the coronavirus could derail the growth rebound seen in Europe. European countries expanded booster vaccinations and tightened curbs overnight after scientists in South Africa said they had detected a new and...

Eagle, Idaho -based Flagship Food Group is recalling certain TJ Farms Select brand frozen cauliflower, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves a limited number of cases of TJ Farms Select cauliflower that comes in 16 oz. packages with lot code 2077890089 and UPC code 75544000604-3.

Quarterly national accounts data from Switzerland is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's import prices for October. Import price inflation is expected to climb to 19.6 percent from 17.7 percent in September.

Staff projections in December may not resolve all uncertainties around the medium-term outlook and policymakers must keep sufficient options for future monetary policy actions, the minutes of the latest European Central Bank meeting showed Thursday.

With 111272 new cases reporting on Wednesday, the total number of Covid infections in the United States rose to 48,092,485, as per the latest data from Johns Hopkins University. An additional 1633 Covid deaths on the same day took the total number of people who died due to the pandemic to 775,397. Michigan reported the most number of cases - 20,017 - and most Covid deaths - 313. The weekly av

The United States has added 27 foreign entities and individuals, including a dozen Chinese companies, to its restricted trade list for engaging in activities that are contrary to the U.S. national security or foreign policy interests. Eight China-based technology fifrms are being added to the list as part of the Department of Commerce's efforts to prevent China from using U.S. emerging technologi