Dow Drops 800 Points as Investors Into Bonds

Issue 80

Stocks, oil prices, and government bond yields slid today as anxiety mounted over the spread of the Delta coronavirus variant and its potential impact on the global economy. The Dow Jones Industrial Average slumped 830 points, or 2.4%, in midday trading, putting the index on track for its worst one-day drop since October.

The S&P 500 fell 1.7%, while the technology-heavy Nasdaq Composite declined 1.1%. Monday’s losses marked an acceleration after U.S. stock indexes dropped last week poising the market for an August rebound dependent on governments' responses to the Delta Variant.

Source: CNBC