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Stocks sink on new COVID variant; Dow loses 1,000 points

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NEW YORK - SEPTEMBER 16: A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, 2008 in New York City. U.S.

stocks continued to drop Tuesday morning for the second consecutive day, following yesterday's Dow Jones Industrial Average NEW YORK - Stocks fell sharply Friday, with the Dow Jones Industrial Average down more than 1,000 points, as a new coronavirus variant from South Africa appeared to be spreading across the globe.

It added to investor uncertainty about potentially reversing months of progress at getting the COVID-19 pandemic under control.Health officials in Europe and the U.K.

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