US stocks set new records as Delta variant worries remain

The Dow closed 1.3% higher, or 448 points, while the S&P 500 rose 1.1%. The Nasdaq Composite was up nearly 1%.

On Thursday, news about the spread of the COVID-19 Delta variant weighed on the market, as did concerns of bond market wonkiness -- the 10-year US Treasury yield fell to its lowest rate since February. That tumult combined to knock stocks off their record highs. The bond market also reversed itself from Thursday's close: The 10-year Treasury yield bounced back to 1.36% around the time of the stock market close.

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US index publishers to remove more China stocks after Biden orderSHANGHAI - The S&P Dow Jones Indices and FTSE Russell on late Wednesday decided to remove more Chinese companies from their indexes following an updated executive order from the Biden administration barring US investment in firms with alleged ties to China's military.
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