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.
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
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »