The stock market was definitely not in a holiday mood on the day after Thanksgiving, as news of the new Omicron variant of COVID-19 led to widespread concerns about a possible return to lockdown conditions. Because of the Dow's price-weighted nature, a few stocks had a disproportionate influence on the average's moves. Below, we'll look at how American Express (NYSE: AXP), Boeing (NYSE: BA), and Goldman Sachs (NYSE: GS) combined to lop about 250 points off the Dow by themselves.
Goldman Sachs (GS) closed at $399.19 in the latest trading session, marking a -1.76% move from the prior day.
The G-SIB 2021 list considers JPMorgan (JPM), Goldman Sachs (GS) and BNP Paribas (BNPQY) riskier than last year. The position of HSBC and Citigroup (C) remains unchanged.