Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
Showing Original Post only (View all)Dow sinks 700 points as Delta variant fears hit Wall Street hard [View all]
Source: CNN
New York (CNN Business)Investors are getting spooked by the rising numbers of Covid-19 cases as the Delta variant spreads across the globe.
The Dow fell 725 points shortly after the opening bell Monday, a drop of 2.1%. The S&P 500 and Nasdaq were each 1.7% lower as well.
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.
Airlines American (AAL), United (UAL) and Delta (DAL) were all down more than 4%. Cruise operators Carnival (CCL), Royal Caribbean (RCL) and Norwegian (NCLH) each fell about 5%.
The Dow fell 725 points shortly after the opening bell Monday, a drop of 2.1%. The S&P 500 and Nasdaq were each 1.7% lower as well.
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.
Airlines American (AAL), United (UAL) and Delta (DAL) were all down more than 4%. Cruise operators Carnival (CCL), Royal Caribbean (RCL) and Norwegian (NCLH) each fell about 5%.
Read more: https://www.cnn.com/2021/07/19/investing/dow-stock-market-today/index.html
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
42 replies, 3233 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (18)
ReplyReply to this post
42 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
I agree, unless they are rich - which most people, including us, certainly are not.
lark
Jul 2021
#6
One caveat: you do much better if you invest for income, not a killing on share price
Warpy
Jul 2021
#11
I am not at all deep into the money stream and I definitely don't do futures.
PoindexterOglethorpe
Jul 2021
#24