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  • Writer's pictureD. Brit

DOW Falls 726 Points Monday Amid Concerns Over Covid Delta Variant

What Happened:

  • The Dow Jones Industrial Average fell 726 points on Monday amid escalating concerns over the Covid-19 Delta variant. This is the largest drop of 2021 and the biggest fall since October of last year.

  • The recent upswing in new Covid infections has led to concerns over the post-pandemic economic recovery. Increased inflation numbers also have investors anxious about the stability of the market.

  • Overall, the DOW fell 2.09%, the S&P fell 1.59% and the Nasdaq fell 1.06% on Monday.

  • President Biden tried to assuage concerns by downplaying the inflation risks and pointing out that the drop comes just after new stock market highs were achieved.

Photo Source: WIX media

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