On ships caught in the huge floating traffic jam off L.A., seafarers with scant access to vaccines have been stuck in limbo for months. Unions tell of despair and violence.
Financial companies also fell broadly. Capital One slid 4.4% and Discover Financial Services dropped 6.1%. Companies seem to be managing those higher costs and encouraging investors who had been uncertain in a very choppy market for weeks, said Sam Stovall, chief investment strategist at CFRA. Wall Street is also concerned that rising inflation will force more companies to raise prices on goods, which could result in lower consumer spending and a stalled economic recovery.
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