Stock Market Starts Paring Back Massive Losses As ‘Covid Anxiety’ Climbs

Major stock market indexes recovered a fraction of their Monday losses in early Tuesday trading as the tenor of Covid-19 news continued to fuel investor concerns that the rapidly spreading Delta variant of the virus could hurt economic activity, all while the start of second-quarter earnings season sheds light on the supply shortages starting to cripple certain industries.... [+]After falling 2.1% and 1.

The tech-heavy Nasdaq added back about 0.5% after falling 1.1% Monday—boosted once again by healthcare stocks, including top-performers Neurobo Pharmaceuticals, Immunome and Mediwound, which climbed 45%, 30% and 15%, respectively. Travel and leisure stocks, which led the market's Monday decline, posted only small gains, with Carnival Corp, American Airlines and Norwegian Cruise Lines climbing about 1% each after falling as much as 5%.

Meanwhile, a trio of big industrial companies—appliance-maker Electrolux, paint-supplier PPG and auto-manufacturer Volvo—fell as much as 7% following worse-than-expected earnings as a result of intensifying supply chain issues. Electrolux CEO Jonas Samuelson says the company expects"significant regional" disparities for the rest of the year and warned that industry-wide"supply challenges" should remain"for an extended period of time." about $100 billion in overnight trading, pushing the price of bitcoin down 6% to less than $30,000 by Tuesday morning.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock Market Records Rest More on Faith Than Corporate ProfitsStreetwise: As earnings season gets under way, two things stand out: how much the earnings improvement has mattered this year and how little disappointing earnings mattered in the past few years And how sustainable are the earnings? We all know when and where is my world only when to understand the mask and when to open the mouth to spit.
Fuente: WSJ - 🏆 98. / 63 Leer más »

Five9 stock rallies, Zoom shares fall after $14.7 billion all-stock merger deal announcedShares of Five9 Inc. undefined surged 8.4% in premarket trading after the $14.7 billion all-stock buyout deal by Zoom Video Communications Inc. undefined was...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

From Seth Rogen to Jay-Z: Stars Crowd Into the Expanding Weed MarketHollywood and marijuana long have been inextricably linked, from Cheech & Chong establishing the stoner comedy genre with 1978’s Up in Smoke to beloved weed-based hits like The Big Lebows… Movies aren't profitable like they used to be. Celebs now need to become drugdealers. Black Sabbath Presents: Sweet Leaf! Give the people what they want We look forward to having each and every one of them on our show! HigherGround NetflixIsAJoke MichaelStusser Sethrogen SnoopDogg tommychong bellathorne WillieNelson metheridge
Fuente: THR - 🏆 411. / 53 Leer más »

Chipotle, Target use TikTok to find the workers they need in tight job marketChipotle and Target are among the companies teaming up with TikTok Resumes, a pilot program that lets job candidates submit video resumes. MrStockBot Show me current CPI
Fuente: CNBC - 🏆 12. / 72 Leer más »