Happening Now: Irrational or not, the Stock Market had its biggest sell-off of the year due to concerns of a resurgence of the coronavirus amongst the unvaccinated.
“U.S. stocks fell aggressively Monday on concern a rebound in Covid cases would slow global economic growth. The selling picked up as the session went on and the Dow Jones Industrial Average was headed for its biggest drop since last October,” according to CNBC… [emphasis added]
“Covid cases have rebounded in the U.S. this month with the delta variant spreading among the unvaccinated. The U.S. is averaging nearly 30,000 new cases a day in the last seven days ending Friday, up from a seven-day average of around 11,000 cases a day a month ago, according to CDC data. Cases were already flaring up around the world because of the delta variant.” [emphasis added]
For more of this breaking news report, please go to CNBC.
This is a breaking news report and it will be updated as warranted…