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Nov. 28, 2021, 5:35 p.m. EST

The U.S. stock market suffers ugly Black Friday selloff. Here are the biggest losers (and the winners).

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By Mark DeCambre

Wall Street stocks skidded sharply lower on Black Friday as investors reacted to fresh travel bans resulting from the discovery in South Africa of a new variant of the coronavirus that causes COVID-19.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.29% , the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.68% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -1.25% were all down by at least 2% for the day, the major U.S. shopping day known as Black Friday on which retailers are traditionally perceived to enter the black for the year.

Looking beneath the hood, the damage was widespread.

Energy stocks

The S&P 500’s energy sector /zigman2/quotes/210600521/delayed XX:SP500.10 -0.26% closed down 4% as crude-oil prices /zigman2/quotes/206420077/composite XLE -0.43% trading on the New York Mercantile Exchange saw double-digit percentage declines .

The Energy Select Sector SPDR Fund /zigman2/quotes/206420077/composite XLE -0.43% was down 4%. The fund was led by declines in APA Corp. /zigman2/quotes/200648444/composite APA -2.20% , Occidental Petroleum /zigman2/quotes/207018272/composite OXY -1.51% , Devon Energy Corp. /zigman2/quotes/209479244/composite DVN -1.97% and Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -0.78% .

Financials

Financials were the second worst Black Friday performer among the 11 sectors in the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.68% , dragged down by a retreat in yields for Treasurys, notably the 10-year Treasury note /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -4.16% .

The S&P 500’s financial sector /zigman2/quotes/210599854/delayed XX:SP500.40 -1.31% was off 3.3%. The Financial Select Sector SPDR ETF /zigman2/quotes/209660484/composite XLF -1.37% , which tracks the sector index, was being led lower by declines in American Express Co. /zigman2/quotes/203805826/composite AXP -2.39% , Comerica Inc. /zigman2/quotes/207245846/composite CMA -1.03% , Huntington Bancshares Inc. /zigman2/quotes/209314988/composite HBAN -2.43% , Wells Fargo & Co. /zigman2/quotes/203790192/composite WFC -1.51% and Invesco /zigman2/quotes/200294387/composite IVZ +0.21% .

Drug stocks

Drug manufacturers rose, with shares of Moderna /zigman2/quotes/205619834/composite MRNA -4.67% , which makes one of the most widely administered COVID vaccines, skyrocketing more than 20%. Pfizer shares  PFE  advanced by 6%.

However, those gains didn’t offer much of a lift to pharmaceutical-related funds, including Invesco Dynamic Pharmaceuticals ETF /zigman2/quotes/200345932/composite PJP +0.20% , which ended down 1.6%; iShares U.S. Pharmaceuticals ETF /zigman2/quotes/203867177/composite IHE +0.70% , up just 0.2% on the day; and SPDR S&P Pharmaceuticals ETF /zigman2/quotes/206833245/composite XPH -0.64% , down 1.9%.

Travel-related stocks

The popular airline-related exchanged-traded fund U.S. Global JETS, which has come to serve as a good indicator of the market’s view on the progress out of pandemic-related restrictions and toward economic recovery, closed down 7.2%.

Aircraft maker Boeing Co. /zigman2/quotes/208579720/composite BA -2.64%   retreated by 5% , and Southwest Airlines /zigman2/quotes/201071949/composite LUV -2.63% stock was more than 4% lower. Shares of American Airlines /zigman2/quotes/209207041/composite AAL -3.31% slumped more steeply, losing 8.8%. Meanwhile, Expedia shares /zigman2/quotes/202291990/composite EXPE -2.21% were down9.5% and United Airlines /zigman2/quotes/205037281/composite UAL -1.35%  traded off almost 10%.

A separate exchange-traded fund that is sometimes used to represent optimism about changes in activity tied to COVID restrictions, the ETFMG Travel Tech ETF /zigman2/quotes/216415466/composite AWAY -2.05% , was down 6.4% on Friday.

Stay-at-home trade

However, a number of stay-at-home stocks were outperforming the broader market. Videoconference company Zoom Video Communications Inc. /zigman2/quotes/211319643/composite ZM -1.72% rose 5.7%, while streaming giant Netflix /zigman2/quotes/202353025/composite NFLX +7.18% gained 1.1%.

The Direxion Work From Home ETF, /zigman2/quotes/219230438/composite WFH -1.03% lost 1.2%. Declines in Avaya Holdings Corp. /zigman2/quotes/209008523/composite AVYA -2.19% , Xerox Holdings Corp. /zigman2/quotes/201169674/composite XRX +1.34% and Progress Software Corp. /zigman2/quotes/205828109/composite PRGS -0.74% were the worst performers in the ETF.

Crypto

Crypto prices also were taking it on the chin.

Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.80%  was down 5% over the past 24 hours, trading at $54,840 midday Friday on CoinDesk. The cryptocurrency is down more than 20% from its all-time high of $68,990 on Nov. 10, meeting a common criterion for a bear market in an asset.

Check out: Major cryptocurrencies tumble amid concern about new coronavirus variant

The dollar

Meanwhile, the U.S. dollar was down 0.7% on the session as measured by the ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY +1.36% , dragging it down from near a 16-month high.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,067.36
-100.73 -0.29%
Volume: 313.40M
Jan. 27, 2022 1:41p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,320.29
-29.64 -0.68%
Volume: 1.74B
Jan. 27, 2022 1:41p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,373.51
-168.61 -1.25%
Volume: 2.68M
Jan. 27, 2022 1:41p
loading...
/zigman2/quotes/210600521/delayed
add Add to watchlist XX:SP500.10
XX : S&P US
496.26
-1.30 -0.26%
Volume: 143.05M
Jan. 27, 2022 1:31p
loading...
/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 64.92
-0.28 -0.43%
Volume: 33.57M
Jan. 27, 2022 1:41p
loading...
/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 64.92
-0.28 -0.43%
Volume: 33.57M
Jan. 27, 2022 1:41p
loading...
/zigman2/quotes/200648444/composite
US : U.S.: Nasdaq
$ 32.38
-0.73 -2.20%
Volume: 5.30M
Jan. 27, 2022 1:41p
P/E Ratio
20.40
Dividend Yield
1.55%
Market Cap
$12.03 billion
Rev. per Employee
$3.04M
loading...
/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 36.50
-0.56 -1.51%
Volume: 13.14M
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
0.11%
Market Cap
$34.61 billion
Rev. per Employee
$1.93M
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 50.77
-1.02 -1.97%
Volume: 8.31M
Jan. 27, 2022 1:41p
P/E Ratio
30.54
Dividend Yield
3.86%
Market Cap
$35.06 billion
Rev. per Employee
$7.74M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 19.46
-0.15 -0.78%
Volume: 13.97M
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
1.13%
Market Cap
$15.27 billion
Rev. per Employee
$2.81M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,320.29
-29.64 -0.68%
Volume: 1.74B
Jan. 27, 2022 1:41p
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.79
-0.08 -4.16%
Volume: 0.00
Jan. 27, 2022 1:40p
loading...
/zigman2/quotes/210599854/delayed
add Add to watchlist XX:SP500.40
XX : S&P US
633.21
-8.38 -1.31%
Volume: 179.48M
Jan. 27, 2022 1:31p
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/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 38.04
-0.53 -1.37%
Volume: 52.16M
Jan. 27, 2022 1:41p
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/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 171.13
-4.19 -2.39%
Volume: 2.03M
Jan. 27, 2022 1:41p
P/E Ratio
17.12
Dividend Yield
1.01%
Market Cap
$135.80 billion
Rev. per Employee
$685,447
loading...
/zigman2/quotes/207245846/composite
US : U.S.: NYSE
$ 91.57
-0.95 -1.03%
Volume: 676,675
Jan. 27, 2022 1:41p
P/E Ratio
10.99
Dividend Yield
2.97%
Market Cap
$12.12 billion
Rev. per Employee
$384,244
loading...
/zigman2/quotes/209314988/composite
US : U.S.: Nasdaq
$ 15.06
-0.38 -2.43%
Volume: 7.06M
Jan. 27, 2022 1:41p
P/E Ratio
16.50
Dividend Yield
4.11%
Market Cap
$22.18 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203790192/composite
US : U.S.: NYSE
$ 53.32
-0.82 -1.51%
Volume: 18.40M
Jan. 27, 2022 1:41p
P/E Ratio
10.74
Dividend Yield
1.50%
Market Cap
$210.38 billion
Rev. per Employee
$306,881
loading...
/zigman2/quotes/200294387/composite
US : U.S.: NYSE
$ 21.33
+0.04 +0.21%
Volume: 2.58M
Jan. 27, 2022 1:41p
P/E Ratio
7.12
Dividend Yield
3.19%
Market Cap
$9.81 billion
Rev. per Employee
$809,974
loading...
/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 147.72
-7.24 -4.67%
Volume: 5.72M
Jan. 27, 2022 1:41p
P/E Ratio
9.02
Dividend Yield
N/A
Market Cap
$62.83 billion
Rev. per Employee
$9.10M
loading...
/zigman2/quotes/200345932/composite
US : U.S.: NYSE Arca
$ 75.17
+0.15 +0.20%
Volume: 3,192
Jan. 27, 2022 1:37p
loading...
/zigman2/quotes/203867177/composite
US : U.S.: NYSE Arca
$ 187.32
+1.31 +0.70%
Volume: 3,213
Jan. 27, 2022 1:08p
loading...
/zigman2/quotes/206833245/composite
US : U.S.: NYSE Arca
$ 41.69
-0.27 -0.64%
Volume: 11,453
Jan. 27, 2022 1:35p
loading...
/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 189.14
-5.13 -2.64%
Volume: 7.84M
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$114.17 billion
Rev. per Employee
$441,745
loading...
/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 42.56
-1.15 -2.63%
Volume: 5.45M
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$25.87 billion
Rev. per Employee
$225,699
loading...
/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 15.70
-0.54 -3.31%
Volume: 26.25M
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$10.52 billion
Rev. per Employee
$290,964
loading...
/zigman2/quotes/202291990/composite
US : U.S.: Nasdaq
$ 173.18
-3.92 -2.21%
Volume: 831,618
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$26.84 billion
Rev. per Employee
$379,005
loading...
/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 40.87
-0.56 -1.35%
Volume: 8.20M
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$13.42 billion
Rev. per Employee
$331,102
loading...
/zigman2/quotes/216415466/composite
US : U.S.: NYSE Arca
$ 21.99
-0.46 -2.05%
Volume: 122,027
Jan. 27, 2022 1:37p
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/zigman2/quotes/211319643/composite
US : U.S.: Nasdaq
$ 137.91
-2.42 -1.72%
Volume: 1.97M
Jan. 27, 2022 1:41p
P/E Ratio
36.61
Dividend Yield
N/A
Market Cap
$41.82 billion
Rev. per Employee
$884,435
loading...
/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 385.53
+25.83 +7.18%
Volume: 16.76M
Jan. 27, 2022 1:41p
P/E Ratio
34.07
Dividend Yield
N/A
Market Cap
$159.33 billion
Rev. per Employee
$3.16M
loading...
/zigman2/quotes/219230438/composite
US : U.S.: NYSE Arca
$ 63.12
-0.65 -1.03%
Volume: 4,827
Jan. 27, 2022 1:38p
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/zigman2/quotes/209008523/composite
US : U.S.: NYSE
$ 16.95
-0.38 -2.19%
Volume: 312,401
Jan. 27, 2022 1:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.47 billion
Rev. per Employee
$368,721
loading...
/zigman2/quotes/201169674/composite
US : U.S.: Nasdaq
$ 20.38
+0.27 +1.34%
Volume: 1.72M
Jan. 27, 2022 1:41p
P/E Ratio
N/A
Dividend Yield
4.91%
Market Cap
$3.59 billion
Rev. per Employee
$284,939
loading...
/zigman2/quotes/205828109/composite
US : U.S.: Nasdaq
$ 44.15
-0.33 -0.74%
Volume: 201,394
Jan. 27, 2022 1:40p
P/E Ratio
25.25
Dividend Yield
1.58%
Market Cap
$1.95 billion
Rev. per Employee
$295,831
loading...
/zigman2/quotes/31322028/realtime
US : CoinDesk
36,079.99
-291.47 -0.80%
Volume: 0.00
Jan. 27, 2022 1:40p
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
97.25
+1.30 +1.36%
Volume: 0.00
Jan. 27, 2022 1:31p
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