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By STAN CHOE, ALEX VEIGA and DAMIAN J. TROISE, AP Business Writers
July 19, 2021
NEW YORK — Resurgent pandemic worries knocked stocks lower from Wall Street to Tokyo on Monday, fueled by fears that faster-spreading variants of the virus may upend the economy’s strong recovery.
The S&P 500 fell 2.1% in afternoon trading, after setting a record just a week earlier. In another sign of worry, the yield on the 10-year Treasury touched its lowest level in five months as investors scrambled for safer places to put their money.
The Dow Jones Industrial Average was down 935 points, or 2.7%, at 33,753, as of 1:50 p.m. Eastern time. The Nasdaq composite was 1.4% lower.
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