Dow tumbles 500 points, on pace for worst drop in a month as stock market slammed by worries about COVID's delta variant

2 weeks ago 7
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Stock benchmarks skidded sharply little Monday, with concerns astir the planetary dispersed of the delta variant of the coronavirus that causes COVID-19 getting overmuch of the blasted arsenic investors prepared for different large week of firm earnings. The Dow Jones Industrial Average DJIA, -1.80% was trading 526 points, oregon 1.4%, little astatine 24,192; the S&P 500 scale SPX, -1.58% traded 1.2% down astatine 4,276, portion the Nasdaq Composite Index COMP, -1.50% declined 1.1% astatine 14,261. In firm news, Bill Ackman's Pershing Square Tontine Holdings PSTH, -1.75% said Monday that it was abandoning a woody to bargain a 10% involvement successful Universal Music Group, citing regulatory and shareholder concerns.

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