October 7, 2022

AndronETalksNews

AndronETalksNews

Investors dump stocks, buy bonds as virus fears flare again

WRAL

By STAN CHOE, ALEX VEIGA and DAMIAN J. TROISE, AP Business Writers

July 19, 2021

— 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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