Dow drops over 800 points today while Biden bragged - Truthhurts Posted: Jul 19th, 2021 - 3:15 pm
how the Stock Market has had it's highest gains in years due to the great economy, which is the lowest unemployment rate in 50 years. blah, blah, blah, while the Dow was drowning, losing almost 900 points this morning. Usually, in the afternoon, buyers take advantage of these sell-offs, which happened this afternoon.At close today, the market only lost 724.56.
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The Dow plummeted more than 800 points on fears that the spread of the coronavirus’ Delta variant could disrupt the global economic recovery, even as investors weighed fresh concerns over inflation and oil prices.
In mid-morning trades Monday, the Dow Jones industrial average dropped 2.4 percent, or 830 points, to 33,858, while the S&P 500 and Nasdaq slumped 1.7 percent and 1.2 percent, respectively. The declines mark a sharp reversal from last week when the Dow briefly hit a new high above 35,000.
“The fears over the Delta variant have investors concerned about reopening momentum stalling out,” managing director at TJM investments Tim Anderson told The Post. “We’ve had a strong performance in the first half of the year and some investors are looking to lock that in.”
LINK/URL: The Dow plummeted more than 800 points
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