Dow sinks more than 700 points as delta variant stokes new fears for economic recovery

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DEVELOPING: Dow sinks more than 700 points as delta variant stokes new fears for economic recovery.

The bloodbath also comes as the more-transmissible delta variant has become the dominant variant in the U.S. The Centers for Disease Control and Prevention estimates that the delta variant has caused over half of all recent COVID-19 cases in the U.S.

Meanwhile, geopolitical tensions between China and the U.S. were also linked to stoking new anxieties among investors. On Monday,to"expose and criticize" China for a"pattern of malicious cyber activities," announcing that China is profiting off some of the cyberattacks it's supported and accusing China of being behind the Microsoft Exchange server breach in March.

Finally, in another worrisome sign for equity markets, the yield on 10-year Treasury notes fell to its lowest levels in five months in a possible sign investors were seeking safe havens.

 

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FoxNews GOP see how the fear mongering is working….

Not surprised......it's fixing to get real. This new pandemic will be about how many people not vaccinated are not going to make creating another lock down.

Ummm u stoke the fear

This’s how the elites steal our money.

Because there is 30% of American people who would rather risk their health to prevent Biden any success, we risk having to shut throttle back the economy. Restricting capacity on theaters, restaurants, bars, hair salons, schools, etc. All because of the Conservative Cult.

Everyone thought I was crazy when I said CP3’s 10 point game 4 would have cascading effects….🤷‍♂️

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