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America on the mat (1056 EST/1556 GMT)

As a result of the discovery of a new variant of the coronavirus that may be resistant to vaccines, the US stock market was thrown to the bottom on Black Friday.

Not surprisingly, given the re-emergence of fears about the coronavirus, more economically sensitive groups and “reopening games” have been hit particularly hard, while defensive groups have experienced a smaller decline.

Banks (.SPXBK) and small-cap stocks (.RUT) fell more than 4%. Energy (.SPNY) fell nearly 6%, while NYMEX crude oil futures fell more than 11%.

The 10-year U.S. Treasury bond yield has fallen to the 1.50% area.

Healthcare (.SPXHC) was the only major S&P 500 (.SPX) sector that rose on the day. Although it only rose slightly, it was a bright spot.

The chart shows the trend of the combination of five major reopening stocks and the combination of five major home stocks:

Since the reopened team has been hit relatively harder compared to full-time games, the ratio is expected to hit the biggest single-day percentage drop in more than a year.

At the same time, retail stocks also fell sharply this Black Friday. SPDR Standard & Poor's Retail ETF (.XRT.P) fell more than 3%.

The following is the position of the market in early trading:

The U.S. stock market is preparing to plunge (0900 EST/1400 GMT)

U.S. stock index futures fell on Friday, with travel stocks, banking stocks and commodity-related stocks bearing the brunt as the discovery of a new variant of the coronavirus that may be resistant to vaccines frightened investors before the short trading hours.

It is worth noting that in the past 10 years, the second day of Thanksgiving has been relatively quiet. On average, the Dow Jones Industrial Average (.DJI) fell by about 0.05% at the opening and closed up 0.05%. During this period, the average percentage of the DJI range on that Friday to the closing price of the previous trading day was only about 0.6%.

At present, the Chicago Board Options Exchange Market Volatility Index (.VIX) has soared to a high of more than two months, and CBT electronic mini Dow Jones index futures suggest that the Dow Jones Index will plunge more than 2% in the early pains of this Black Friday trading day. The range of Dow futures so far today accounts for more than 3% of Wednesday's closing price, the largest increase since early January.

All of this happened after the technology in the entire market deteriorated significantly. Click here: read more

Therefore, according to the trend of futures, the 50-day moving average (DMA) of the Dow Jones Index closing at 35,260 on Wednesday may soon be under pressure. Since October 13, the Dow Jones Index has never closed below the mid-term moving average:

The 200-DMA of the Dow Jones Index closed at around 34,300 on Wednesday. Since July 13, 2020, the blue chip moving average has not closed below the long-term moving average.

The key support line is around 34,000. Click here: read more

This is your pre-market snapshot:

For live market posts on Friday before 0900 EST/1400 GMT-click here: read more

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