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Covid Variant Fear Grips Wall Street; Dow Jones Heads For Worst Day Of 2021; Media & Tech Slip But Avoid Major Damage

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deadline.com
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The stock market is rife with investor fear about Covid-19 wreaking fresh havoc on the economy.The Dow Jones Industrial Average was down about 900 points with about two hours left in the trading day, slipping below 34,000.

At its lowest point, the Dow had fallen more than 1,000 points. If afternoon levels hold through the close of trading, today would be the index’s worst day of 2021 and its biggest single-day point drop since last October.

On a percentage basis, the decline was 2.6%The S&P 500 was down more than 2% and the Nasdaq fell by about 1.6%.Amid the gloom, media and tech stocks are hanging tough for the most part on the eve of quarterly earnings season, which kicks off Tuesday with Netflix reporting its second-quarter results.After

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