Investors had hoped to celebrate the moment US lawmakers agreed on a new stimulus package to help America's ailing economy. Instead, the emergence of a new variant of the Covid-19 virus in the United Kingdom has sent markets plunging, as anxiety about the pandemic again comes to the fore.
What's happening: Over the weekend, the United Kingdom reversed plans to loosen restrictions over Christmas and announced strict lockdowns across much of the country, citing concerns about a variant of the coronavirus believed to be much more infectious. In the past 24 hours, the country has become increasingly isolated, with Canada, France and Israel among those banning UK travelers while they assess the situation.
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