Stocks sank on Monday with the Dow plunging more than 800 points as investors feared a surge in COVID-19 cases caused by the Indian Delta variant could hold back the global economy
* The Dow Jones Industrial Average was down 786 points as of midday on Monday
* The S&P 500 fell 1.6% in the first half hour of trading, after setting a record high just a week ago. The Nasdaq composite was 1.5% lower
* Airlines, hotels and stocks of other companies that would get hurt the most by potential COVID-19 restrictions were taking the heaviest losses
* Financial markets have been showing signs of increased concerns for a while, but the U.S. stock market had remained largely resilient
* The drop was global with several European markets down more than 2%
Stocks sank on Monday with the Dow plunging nearly 800 points as investors feared a surge in COVID-19 cases caused by the Indian Delta variant could hold back the global economy.
The Dow Jones Industrial Average was down 786 points, or 2.2 percent, as of midday EST.
The S&P 500 was 1.5 percent lower in midday trading, after setting a record just a week earlier.
The Nasdaq composite was 0.9 percent lower.
In another sign of worry, the yield on the 10-year Treasury dropped close to its lowest level in five months. It touched 1.21 percent as investors scrambled for safer places to put their money.
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WNU Editor: It looks like the markets are factoring in the very real possibility that we are going to be facing another Covid wave in the coming months.
More News On Today's Wall Street Close
Dow sinks 2% as virus surge stifles recovery hopes -- Reuters
Dow tumbles 700 points for its worst drop since October as investors fear a Covid resurgence -- CNBC
Dow suffers biggest drop of the year as Delta variant fears hit Wall Street hard -- CNN
Wall Street ends sharply lower as Delta variant sparks new lockdown fears -- AP
8 comments:
COVID is an excuse to redistribute wealth and power to different social, economic, and political classes.
If another virus is not coming down the pike they will have to create one to keep the grift going.
Anon @ 6:11 has unfortunately pretty much nailed it. Of course the economy and the people would be fine if governments would simply take "lockdowns" off the table as a potential solution. Lockdowns do nothing to slow down the virus and they cause great harm in and of themselves.
Of course governments won't take lockdowns off the table. In this environment, naturally we would expect Wall Street and the public as a whole to be a bit skittish.
That is all any organized society has ever done or ever will do. So civilization is just one big grift?
Mind blown, dude!
The great reset, you will own nothing and be happy.. or else the tyrannical corporate government will label you a terrorist, a thought criminal.
It's for the greater good they'll tell you.
Climate change, or a virus.
And you care about others, don't you?
They rob you blind and establish a never ending oligopoly where you will for eternity be at the end of the monopoly game as the loser who owns nothing while they do.
And if you piss them off for something you said, you know asking questions about Epstein, all that Chinese money the Biden's got or all the sex crimes going on, and the blatant corruption, they'll take your electricity at home and from your car. You won't be allowed to travel. In the UK there are already cameras everywhere...
.. AND
Two more things.. the government seems to have OKed money for the building of what they call covid camps but my guess it's thought crime camps. Where those who oppose the great reset, Marxism, and all that cult shit that throw at us, will be sent
And the same test they use now for the false positives, the PCR test, will be used to detect that you have a virus, or an idea.
It's always the same with the left.
This is a global takeover in all nations, aided by a syndicate of corporate and public criminals, with concentrations of power from Beijing to Washington, London and Paris.
Don't you see?
In all countries churches are burned.
And the local minority populations, here in England too, are told that white people are bad. And they become violent because the left media and public institutions push this collective guilt, critical race theory BS. And in Germany too.
This is the doing of China, not Russia which is a majority white caucasian population.
It matches the attack pattern of long term cultural warfare and subversion through funding only extremely wealthy bodies or governments can sustain and coordinate and bring to fruition.
The Russians are kick ass in this too, don't get me wrong. But such cultural warfare must have a clear and sustainable, foundational message that gives the population direction for the genocide, otherwise it might go haywire.
So the white and toxic white Male and racism and all this is not just feminazis but they, weak minded and mentally sick as they are, are being exploited as useful tools by Chinese institutions like the Confucius institutes that spread through Europe and US in the hundreds and who funded, without any oversight, academic projects from social sciences and politics to economical thought and business.
And look at the papers these leftists then produced. The seed was already there, the communist mindset on the left. China only needed to pour a few billion over the last 2 decades, and they did..
So yeah good luck with that. They don't eg realise that the mob will not stop at raising the fist or fire bombing a few places. It'll intensify until you fight back on all fronts and bring the war to them.
Always make Chinese pay 10 times in cost to what they've done to you, or they'll never stop. An old Japanese proverb.
6:21, Take the Medieval Ages. Were they necessary? That is was that social organization necessary?
The reason given was that at the end of the Roman Empires small land holders and others bound themselves over to large landowners for protection. Often times there was not a lot of protecting going on, but there was a lot of taking.
There is also the stirrup theory. A reread of the historical record shows it is not true.
We could discuss other historical periods or countries like the Roman Republic or Japan.
Quarantining the elderly, nursing home residents and medical patients with things like cancer or diabetes was and remains necessary without a vaccine. Having an awareness and stricter controls in hospitals, nursing homes and older people is always necessary.
Try going into a hospital with a runny nose or sneezing now or 5 years before COVID and the the staff will tell you that you should not visit your loved one or expose other patients.
What was needed was s elect or articulated quarantine not a blanket quarantine. Democrats and RINOs are not big on nuance although they do use the word and pretend they are all that. Horse Face especially.
COVID is a weak disease and there never should have been lockdowns more than 2 weeks or lockdowns at all.
So yes grifting.
wait then till mid-August
and you will tire of promises
I do not worry about August. Come mid August you will have another slogan to needle people with. It is what you do and circumscribes your existence.
"A reporter asked Joe Biden why his administration isn’t putting sanctions on China after a widespread hack of Microsoft Exchange Server by Chinese state-backed hackers.
The Biden Admin “shamed” China for the cyber sabotage, but China Joe refuses to take action.
A second reporter followed up and asked Biden what the difference is between what China has done and Russia has done in terms of cyber attacks."
Biden: “That would take a longer explanation.”
***
Reporter: “We have all the time in the world!”
***
Biden: “No we don’t…”
Biden: “My understanding is that the Chinese government – not unlike the Russian government is not doing this themselves, but are protecting those who are doing it,”
"Joe Biden could have saved a lot of time and just said he can’t sanction China because his son Hunter’s investment firm inked a $1 billion investment deal with the Bank of China."
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