Stocks sink, yields tumble as virus fears circle the world

  • 📰 AP
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stocks around the world are falling amid worries about a resurgence in global infections of COVID-19. The Dow Jones Industrial Average dropped more than 700 points in early trading. ​

Experts are saying Indonesia has become a new epicenter for the pandemic as outbreaks worsen across Southeast Asia. Meanwhile, some athletes have tested positive for COVID at“The more transmissible delta variant is delaying the recovery for the ASEAN economies and pushing them further into the doldrums,” said Venkateswaran Lavanya, at Mizuho Bank in Singapore.

Financial markets have been showing signs of increased concerns for a while, but the U.S. stock market had remained largely resilient. The S&P 500 has had just two down weeks in the last eight. Besides the new variants of the coronavirus, other risks to the economy include fading pandemic relief efforts from the U.S. government and a Federal Reserve that looks set to begin paring back its assistance for markets later this year.

The selling pressure was widespread, with more than 90% of the stocks in the S&P 500 lower. Even Big Tech stocks were falling, with Apple down 3.1% and Mircrosoft 1.5% lower. During earlier hiccups for the stock market, investors would often big up such stocks further on expectations they will continue to grow almost regardless of the economy’s strength.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fed money helicopter will be flying over shortly…

Wequitsmoking01 Maybe right wing Wall St. R's will start doing what is right: Urging people to be vaccinated.

How can we reopen, rebuild and reinvest if we keep succumbing to an airborne virus? We all have to show proper resolve so that consumer, tourism, investment confidence returns. Contact tracing, testing at all points & masks when indoors. We can beat this alien bug.

Why did stocks go up last year during peak pandemic but now with the presence of the vaccine, a much smaller surge in COVID is to be blamed for the stock market crash? Is it possible it’s crashing due to things other than COVID?

Biden’s America. Sad.

Good. Please tank oil prices so gas can come down again

margincall

I remember a time where 700 points off the DJIA were a lot

Together we unleashed a Biological Weapon. The result was United States: 33,518,669 World: 173,998,753 Deaths!! Variants will be released as needed!! Party over Life!!

That’s really bad

As would be expected. Only gonna get worse if they actually hold the Olympics. Why are they going through with this?

We invite those who defend human rights, women's rights, justice and peace to turn their gaze to the occupied Palestinian lands, to Masjid al-Aqsa. There is a raid on Masjid al-Aqsa! StopTheRaid

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These stocks report earnings in the week ahead, and history says to stay awayNew for subscribers: These stocks report earnings in the week ahead, and history says to stay away. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »

24 Stocks That Could Drop After EarningsInvestors may want to pay closer attention to earnings quality metrics when thinking about what to Buy, Hold, and Sell going into second-quarter earnings... Archegos Capital 2.0 Only thing going up for the next week is crypto SizweDhlomo 0818919140 is my Capitec number, just incase someone randomly chooses give me money for no reason at all. I also accept other forms of receiving money.
Source: MarketWatch - 🏆 3. / 97 Read more »

Japan's Nikkei 225 falls 1% as Asia-Pacific stocks slip; OPEC and allies reach dealOPEC and its allies reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022. thanks A CNBC out doing hedge fund short sellers bidding again it looks like. Manufacturing a sell off
Source: CNBC - 🏆 12. / 72 Read more »

Nomura picks 2 winning stocks in Japan — one is already up 122%New for subscribers: Nomura picks 2 winning stocks in Japan — one is already up 122%. Check out CNBCPro today. Pro nice Pro Up 122%, gee how’s that, could that be a pump, isn’t that insider trading CNBC, what kinda practices are you up to. Oh yea that’s right you talk up what you want to succeed and talk down what you want to fail. Yet get mad at Wall Street bets and others for doing the same, chumps! Pro The U.S. will incur a 4th wave That is FACT LONG $SHOP
Source: CNBC - 🏆 12. / 72 Read more »