The spread of the delta coronavirus variant continued to keep investors on edge.
surpassing the peak seen last summer
when the nation didn't have an authorized Covid-19 vaccine, according to data compiled by the Centers for Disease Control and Prevention. "The delta variant of the virus is now rapidly spreading in the U.S. and a modest pullback in activity can't be ruled out," Solita Marcelli, CIO Americas at UBS, said in a note. "But any potential slowdown should be somewhat muted."
The concern about slowing growth triggered a drop in Treasury yields on Monday. The yield on the benchmarkfell as much as 8 basis points to 1.15%. Monday's slide in bond yields followed data showing the U.S. manufacturing sector expanded at a slower pace than a month ago. A late-day sell-off in economically sensitive stocks like materials and industrials eventually pushed the Dow and the S&P 500 into the red. The blue-chip Dow climbed 250 points to touch an all-time high at one point, but ended Monday nearly 100 points lower.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Jack Dorsey's Square to buy Afterpay for $29 billion in stockBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Square Agrees to Acquire Afterpay for $29 Billion in All-Stock DealSquare agreed to an all-stock deal worth around $29 billion to acquire installment-payment company Afterpay
Weiterlesen »
Square to buy Australia's Afterpay in $29 bln all-stock dealU.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd (APT.AX)in an all-stock deal worth about $29 billion.
Weiterlesen »
China stock crackdown, plus experts share their favorite crypto appsBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Odds are against gains in August, but the stock market could win outThe odds are against August being a good month for stocks, but the market could continue to chug higher this month even if there are a few bumps.
Weiterlesen »
How to Stock an Indian PantryAn introduction to the key pantry items you'll need to dive deep into Indian cooking.
Weiterlesen »