Colorado Springs, Colorado 2021-07-19 11:14:22 –
New York (AP) — Strains around the world are declining amid concerns about the resurgence of COVID-19 global infections associated with more infectious coronavirus variants.
Benchmark S & P 500 fell 1.9% on Monday morning trading, and Treasury yields plummeted as investors scrambled to move into areas of the market considered safer.
The airlines, hotels, and other companies that are considered to be the most threatened by the COVID-19 restrictions have declined the most.
American Airlines and United Airlines shares fell more than 6% on Monday, Delta fell about 5%, and Southwest Airlines fell more than 4%.
Cruise Line’s share, like Norwegian Cruise Line, has fallen to the level last seen before the vaccine became available at the US Carnival.
The hotel sector was also hit, and Airbnb’s share fell.
The European market also suffered a large loss of nearly 3%.
Benchmark US crude oil prices have fallen by about 5% this year after major oil-producing countries have agreed to eventually allow more oil production.
Stocks sink, yields tumble as coronavirus fears circle the world Source link Stocks sink, yields tumble as coronavirus fears circle the world