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Wall Street drops as Delta variant raises fears


Wall Street drops as Delta variant raises fears
Reuters | Jul 16, 2021 03:32 PM EDT
The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., (Photo : REUTERS/Carlo Allegri/File Photo)
Wall Street fell on Friday, weighed down by declines in Amazon and other heavyweights technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.
On Thursday, Los Angeles County said it would reimpose its mask mandate this weekend. On Friday, public health officials said U.S. coronavirus cases were up 70% over the previous week, with deaths up 26%. ....

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Wall Street ends down as Delta variant drives fears


Article content
Data from the Commerce Department showed retail sales rebounded 0.6% last month as spending is shifting back to services, bolstering expectations that economic growth accelerated in the second quarter.
The Dow Jones Industrial Average fell 0.86% to end at 34,687.85 points, while the S&P 500 lost 0.75% to 4,327.16.
The Nasdaq Composite dropped 0.8% to 14,427.24.
For the week, the S&P 500 fell about 1%, the Dow lost 0.5% and the Nasdaq shed 1.9%, their fist weekly declines in four weeks.
Moderna Inc jumped 10.3% to a record high after S&P Dow Jones Indices said the drugmaker will join the S&P 500 index as of the start of trading on July 21, replacing Alexion Pharmaceuticals. ....

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