The Dow Jones Industrial Average plunged more than 700 points Monday, as renewed fears over the delta coronavirus variant cast a shadow on the economy’s post-pandemic recovery.
Anxieties over potential inflation have increased in recent months despite reassurances from Federal Reserve Chair Jerome Powell and others that it is likely temporary.
The Dow ended the trading session down 2.09 percent, or 725 points, closing at 33,962. At one point the blue-index chip had plunged more than 850 points.
The S&P 500 slid 1.59 percent to 4,258 and the tech-heavy Nasdaq Composite fell 1.06% to 14,274.
Monday’s sell-off puts the Dow on track for its worst day of the year.
Source-ABC
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