Increased worries about the virus may seem strange to people in parts of the world where masks are coming off, or already have, thanks to COVID-19 vaccinations. But the World Health Organization says cases and deaths are climbing globally after a period of decline, spurred by the highly contagious delta variant. And given how tightly connected the global economy is, a hit anywhere can quickly affect others on the other side of the world.
Even in the U.S., where the vaccination rate is higher than in many other countries, people in Los Angeles County must once again wear masks indoors regardless of whether they re vaccinated following spikes in cases, hospitalizations and deaths.
Stocks skid, yields sink as virus fears shake global markets
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Mary Altaffer/AP
FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)
By: Associated Press
and last updated 2021-07-19 20:16:06-04
NEW YORK (AP) â Resurgent pandemic worries knocked stocks lower from Wall Street to Tokyo on Monday, fueled by fears that a faster-spreading variant of the virus may upend the economyâs strong recovery.
Asian markets fall after Wall Street’s worst day in months MarketWatch 13 hrs ago
ASSOCIATED PRESS
TOKYO Asian shares fell Tuesday as worries were growing that a faster-spreading variant of the coronavirus could upend the global economic recovery.
Video: COVID-19 concerns causing significant drop in stock market (WCVB Boston)
COVID-19 concerns causing significant drop in stock market
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Japan’s benchmark Nikkei 225 slipped 0.7% in early trading. South Korea’s Kospi shed 0.5% and Australia’s S&P/ASX 200 inched down 0.3%. Hong Kong’s Hang Seng lost 1.1%, while the Shanghai Composite declined 0.5%. Taiwan’s Taiex slipped 1%. Exchanges in Singapore, Malaysia and Indonesia were closed for holidays.
Is time finally running out for “the bubble to end all bubbles”? Over the past year, we have seen stock prices rise to levels that are completely and utterly absurd, and many have pointed out that we are currently in the largest stock market bubble in the entire history of our nation. Of course this bubble will end the way that all of our other stock market bubbles eventually ended, and recent market activity has a lot of people wondering if the time for that is drawing near. Signs of trouble have been percolating on Wall Street for weeks, and on Monday we finally witnessed an eruption of full-blown fear. The Dow Jones Industrial Average was down 725 points, and that represented the worst day for the index since last October. But one really bad day is not a crisis, and even though many individual stocks have already plunged into bear market territory, we have a long, long way to go before people start using the word “crash”. In fact, I don’t think that anyone s
New York: Someday, the post-pandemic equities rally is going to end. When it does it will take a lot of newly-christened stock bulls with it.
Their refusal to bend has been the signature fact of the stock market for at least 12 months, putting a floor under four other selloffs in 2021 alone that look just like the one that has sheared almost 3 per cent off the S&P 500 Index since Thursday. Whether the devotion of retail investors is enough to turn the tide again is the biggest question in markets right now. There s a lot of very young people in the accumulation phase, said Dan Egan, managing director of behavioral finance and investing for robo-adviser Betterment, who added that younger investors in particular have used selloffs as buying opportunities. If they have any excess cash sitting around, they re going to use it to buy in.