Moderna, United Airlines, Zoom and others

The Moderna sign is visible outside their headquarters in Cambridge, Massachusetts on March 11, 2021.

Boston Globe | Getty Images

Notice the companies that hit the headlines on Friday afternoon:

United Airlines, American Airlines – Airline stocks were hit hard during Friday’s sale as a new Covid variant triggered travel restrictions. United and American were down more than 12% and 11%, respectively. Delta shares lost about 11%, while Boeing’s shares lost more than 7%.

Marriott International, Airbnb – Travel promotions have been hit hard by news of a new Covid variant. Shares in Marriott and Hilton hotels fell more than 10% and 8%, respectively. Airbnb is down more than 5%. Expedia sank more than 11%.

Carnival, Royal Caribbean – Cruise ship stocks also fell as Covid fears increased. Carnival fell more than 12%, Norwegian Cruise Line fell about 13% and Royal Caribbean fell more than 11%.

Live Nation, Las Vegas Sands – Entertainment and Casino shares all fell amid news of a new Covid variant. Live Nation and Las Vegas Sands fell more than 7%, Wynn Resorts fell more than 8%, and Penn National Gaming shares fell more than 2%.

Macy’s, Gap – Retail stocks were hit hard on Friday, which is typically one of the busiest trading days of the year. Macy’s fell more than 6%, while the Gap fell about 3%. Nordstrom has lost more than 7%. Nike shares fell more than 1%. Simon Property Group, the largest mall owner in the United States, fell more than 5%. Meanwhile, grocery chain Kroger added 3%.

Zoom Video – Zoom Video jumped more than 6% as investors poured into couch potatoes amid a sell-off in the broader market. Peloton was also up over 3%. However, in 2021, both stocks will continue to plummet as investors have shifted to areas of the economy that have benefited from the resumption of economic growth.

Moderna, Pfizer – Vaccine makers rally after news of the Covid variant. Moderna was up over 24%, Pfizer was up over 5%, BioNTech was up over 19% and Novavax was up about 9%. Other healthcare stocks also rallied amid Covid concerns. Quest Diagnostics rose nearly 4%, while Incyte gained more than 3%.

Merck – Merck shares fell 4.1% after an experimental Covid-19 pill developed by a drug maker showed a lower level of potency in updated data than was seen in an earlier study.

Occidental Petroleum – Shares in the exploration and production company fell 11.1% amid a significant drop in the energy company. US oil fell more than 9%, falling to its lowest level in two months amid concerns over a new Covid variant. Marathon Oil, Devon Energy and APA were down about 10%. All components of the S&P 500 energy sector declined during Friday’s shortened trading session.

Bank of America, Citigroup – Banks fell on Friday as the new Covid variant fueled growth concerns and lowered Treasury yields. Bank of America and Citigroup both lost more than 4%, while Goldman Sachs fell about 3%.

Didi Global – Didi fell more than 6% after reports that Chinese regulators asked the car-sharing company to remove it from the NYSE listing. The request to exclude this passenger transport company is said to be driven by data security concerns.

Tesla – Tesla shares fell 1.4% after reporting that the company is investing $ 188 million to expand manufacturing capacity at its Shanghai plant.

– Jessie Pound and CNBC’s Pippa Stevens Coverage

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