123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Others >> View Article

Dow Futures Sink As Delta Variant Fears Hit

Profile Picture
By Author: Apadana Media
Total Articles: 122
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

United States Media Agency in MI | Apadana Media

Dow futures were down more than 500 points Monday, a drop of 1.5%. The S&P 500 and Nasdaq futures were each more than 1% 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 3%. Cruise operators Carnival (CCL), Royal Caribbean (RCL) and Norwegian (NCLH) each fell more than 4%.

Energy stocks plummeted as well following a more than 3% drop in oil prices. Chevron (CVX) and Exxon Mobil (XOM) were down nearly 3%.The OPEC+ group of nations also agreed over the weekend on a deal to produce more oil, a move that could boost supply and reduce crude prices.
And small American companies were also getting hit particularly hard. Futures of the Russell 2000 (RUT) were down more than 2%. That index primarily holds shares of small cap firms that generate more of their revenue from the United States ...
... than international markets.
The still-high number of unvaccinated Americans means vaccination rates have not met the threshold needed to stop the spread of Covid-19. Most Americans who have not previously been infected or received vaccinations will likely contract the rapidly spreading Delta variant, Dr. Scott Gottlieb, commissioner of the US Food and Drug Administration during the Trump administration, told CBS’ “Face the Nation” Sunday.
Forty-eight states are now seeing new case numbers surge at least 10% higher than the previous week, according to data from Johns Hopkins University.
Stocks fell Friday as well due to conflicting reports about the health of the US consumer. Retail sales grew surprisingly in June, but a measure of consumer sentiment for July showed that Americans are growing less confident about the economy.

To catch up with more latest news: www.apadanamedia.org

Total Views: 538Word Count: 318See All articles From Author

Add Comment

Others Articles

1. Choose A Color Before Investing In 1bhk Flat In Uttam Nagar
Author: Sanvi Real Estate

2. Quick Guide To Help Plan For Your Wedding Flowers
Author: Shishu

3. Reinvent Your Living Space With Smart Storage And Modern Sliding Wardrobes
Author: Madhu

4. Strategies To Mitigate Cognitive Biases
Author: ImPerfect

5. Sitecore Cms Development & Training: Everything You Need From Cli To Cloud
Author: Sitecore CMS Development & Training: Everything Yo

6. Learning From Bias – Real Stories And Smarter Strategies
Author: ImPerfect

7. The Best And Amazing Shipping Lawyers In China
Author: Shanghai Ganus Law Firm

8. Nickel Strip Lithium Battery
Author: Amit shah

9. From Wings To Wrenches: Can India Build Its Own Jet-set Future Before The World Closes Its Doors?
Author: kyone

10. Understanding Eating Disorder: A Path Towards Awareness And Healing
Author: ImPerfect

11. Elevate Your Kitchen With Durable Stainless Steel Benchtops In Auckland
Author: Kiwi Stainless

12. Digital Marketers In Travel Are Hitting A Career Wall Despite Industry Growth, New Update Why They’re Falling Behind In The Age Of Ai And Strategic Di
Author: PAWAN

13. How To Choose The Best Moving Company In 2025
Author: At AM Moving Company, we are movers Dallas, TX tru

14. Comprehensive Rodent Control In Springfield, Mo – Trusted Experts At 417 Pest Solutions
Author: 417 Pest Solutions

15. The Power Of Astro-numerology
Author: Reeth U Sarvvah

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: