STOCK MARKET SNAPSHOT FOR 20/07/2021
NASDAQ-Adv: 1,257 Dec: 3,188 NYSE-Adv: 693 Dec: 3,611(Source: Nasdaq)
The Dow and the S&P 500 indexes sank more than 2% on Monday as investors sold off economically sensitive shares and travel stocks and sought the perceived safety of bonds on fears that a spike in COVID-19 cases would derail a broader economic recovery.
New infections surged in parts of Asia and England, while U.S. COVID-19 cases soared 70% last week, fueled by the Delta variant.
All 11 S&P sectors fell, with the so-called value stocks, including financial, industrial, materials and energy, dropping between 2.5% and 4.4%.
The banking sub-index sank 3.4%, tracking a fall in the benchmark 10-year Treasury yield to mid-February lows. [US/]
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