US stocks suffer worst day in months as world’s regimes stoke renewed COVID panic

Source: MarketWatch

“Stocks had their worst day in months on Monday, as the latest Covid-19 [propaganda] hit a wall of existing investor angst about inflation, the Federal Reserve’s next move, and an earnings season with a high bar to meet. As for Covid, after a springtime reprieve from the pandemic in the U.S., cases are rising again and grim [political grandstanding productions] from around the world are shaking investors’ faith in a global recovery. All together, the compounding concerns tipped stock markets into a sharp selloff on Monday and sent investors fleeing to bonds. The Dow Jones Industrial Average closed down 725 points, or 2.1% — its worst day since October. The S&P 500 dropped 1.6% and the Nasdaq Composite fell 1.1%. The yield on the 10-year U.S. Treasury note dipped below 1.2%, its lowest level since February. And oil and other commodities sold off too.” (07/19/21)