The stock market is rife with investor fear about Covid-19 wreaking fresh havoc on the economy. The Dow Jones Industrial Average was down about 900 points with about two hours left in the trading d…
pandemic, infection rates have spiked in much of the country. Vaccination rates, meanwhile, have leveled off, leaving many Americans vulnerable to the Delta variant. That combination has sparked worries of new lockdowns or other restrictions on commercial activity.Los Angeles has just restored indoor mask rules and some school districts have already said they will start the upcoming year with masks in place.
Travel has been rebounding in the U.S., but the monkey wrench of the variant prompted many investors to flee stocks like Boeing and Marathon Oil, each of which dropped more than 5%. Airlines and cruise operators have also taken it on the chin. In the media and entertainment sector, there were plenty of red numbers but the damage was fairly limited. So called “shutdown” stocks fared best, with Netflix down just a fraction. Roku, Charter Communications and smart-TV maker Vizio were all up a fraction. Exhibition has extended its recent pullback, with shares in AMC Entertainment, Cinemark and Imax down between 3% and 6%.
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