Home » Dow tumbles 800 points, loses grip on 34,000 as stock market slammed by worries about COVID’s delta variant
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Dow tumbles 800 points, loses grip on 34,000 as stock market slammed by worries about COVID’s delta variant

UnitedHealth stock rises after profit and revenue beats, raised outlook

Stock benchmarks skidded sharply lower Monday, with concerns about the global spread of the delta variant of the coronavirus that causes COVID-19 getting much of the blame as investors prepared for another big week of corporate earnings. The Dow Jones Industrial Average
DJIA,
-2.18%
was trading 817 points, or 2.4%, lower at 33,885; the S&P 500 index
SPX,
-1.78%
traded 2% down at 4,240, while the Nasdaq Composite Index
COMP,
-1.54%
declined 1.7% at 14,187. In corporate news, Bill Ackman’s Pershing Square Tontine Holdings
PSTH,
-0.92%
said Monday that it was abandoning a deal to buy a 10% stake in Universal Music Group, citing regulatory and shareholder concerns. The 10-year Treasury note yielded
TMUBMUSD10Y,
1.191%
1.19%.

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Julia Mangels

Julia has handled various businesses throughout her career and has a deep domain knowledge. She founded Stock Market Pioneer in an attempt to bring the latest news to its readers. She is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

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