The Dow sinks 700 points as concerns over the Delta variant and a surge in Covid-19 cases are hitting Wall Street hard
New York Investors are getting spooked by the rising numbers of Covid-19 cases as the Delta variant spreads across the globe.
The Dow fell more than 750 points shortly Monday morning, a drop of 2.2%. The S&P 500 fell 1.7% and the Nasdaq was 1.2% lower. This is shaping up to be the worst day for the Dow since a 943-point drop in late October.Investors feared that the Delta coronavirus variant could threaten the US economic recovery. Shares of companies in sectors that were widely thought to benefit most from the reopening of the economy are getting hit the hardest.
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