Black Friday might be the day we associate with bargains on the shelves, but this year, prices were slashed in the stock market, too.
A new COVID-19 variant has emerged in South Africa, and while we await more information about whether it's more severe than prevalent strains, investors have opted to take shelter after governments in Europe immediately imposed travel restrictions.
It can be unnerving seeing the broad S&P 500 market index down over 2% in a single day, but it's not all bad news. Here's one stock that actually does well during periods of market volatility, and another stock you should accumulate for the long term either way.
Online broking giant Interactive Brokers(NASDAQ:IBKR) is no stranger to wild stock market swings. The company has been in business for 43 years, navigating events like the Black Monday market crash in 1987, the dot-com bust in 2000, and the Global Financial Crisis in 2008.