Dow tumbles 800 points, loses grip on 34,000 as stock market slammed by worries about COVID's delta variant

4 months ago 49
PR Distribution

Stock benchmarks skidded sharply little Monday, with concerns astir the planetary dispersed of the delta variant of the coronavirus that causes COVID-19 getting overmuch of the blasted arsenic investors prepared for different large week of firm earnings. The Dow Jones Industrial Average DJIA, -2.30% was trading 817 points, oregon 2.4%, little astatine 33,885; the S&P 500 scale SPX, -1.78% traded 2% down astatine 4,240, portion the Nasdaq Composite Index COMP, -1.33% declined 1.7% astatine 14,187. In firm news, Bill Ackman's Pershing Square Tontine Holdings PSTH, -0.70% said Monday that it was abandoning a woody to bargain a 10% involvement successful Universal Music Group, citing regulatory and shareholder concerns. The 10-year Treasury enactment yielded TMUBMUSD10Y, 1.191% 1.19%.

Read Entire Article