The Dow falls over 700 points Monday as stock-market investors take a clue from the bond market and start worrying about growth.
The stock market on Monday suffered its biggest one-day fall since October as investors appeared to take a cue from the bond market and started worrying about growth.
In the end, the Dow Jones Industrial Average DJIA, -2.09% fell 725.81 points, or 2.1%, to close at 33,962.04, its biggest one-day percentage and point drop since Oct. 28. The S&P 500 SPX, -1.59% gave up 68.67 points, or 1.6%, to end at 4,258.49, while the Nasdaq Composite COMP, -1.06% shed 152.25 points, or 1.1%, finishing at 14,274.98 — the worst day for both indexes since May 12. Meanwhile, the small-capitalization Russell 2000 index RUT, -1.51% fell 1.5% to 2,130.
And while the Federal Reserve isn’t rushing to pull back on bond buying or raise interest rates, a pullback in monetary stimulus is in sight. And other major central banks, including the European Central Bank and Bank of Canada, are also looking toward reducing stimulus efforts, Loh said. See: Why a bond rally could drive the 10-year Treasury yield lower still, even as inflation expectations become unmoored
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dow sinks more than 700 points as delta variant stokes new fears for economic recoveryDEVELOPING: Dow sinks more than 700 points as delta variant stokes new fears for economic recovery.
Leer más »
Dow sinks 750 points as Delta variant fears hit Wall Street hardThe Dow sinks 700 points as concerns over the Delta variant and a surge in Covid-19 cases are hitting Wall Street hard
Leer más »
Dow drops 800 points on fears of Covid reboundThe U.S. is averaging nearly 30,000 new cases a day, up from a 7-day average of around 11,000 cases a day a month ago, according to CDC data.
Leer más »
Dow sinks nearly 800 points as Delta variant fears hit Wall Street hardThe Dow fell nearly 800 points late Monday morning, a drop of 2.2%. The S&P 500 fell 1.5% and the Nasdaq was 1% lower.
Leer más »
Dow Falls 800 Points, Oil Drops as Delta Variant Sends Investors Into BondsU.S. stock indexes, oil prices and government bond yields slid, amid concerns that the spread of the Delta coronavirus variant would hold back the global economy.
Leer más »
Dow futures sink more than 500 points as Delta variant fears hit Wall Street hardWall Street investors are getting spooked by the rising numbers of Covid-19 cases as the Delta variant spreads across the globe.
Leer más »