Dow drops 800 points on fears of Covid rebound
U.S. stocks fell aggressively Monday on concerns that a rebound in Covid-19 cases would slow global economic growth. The Dow dropped 804 points shortly after the open, exceeding January's 2 percent decline, while the S&P 500 fell 1.9 percent. The Nasdaq Composite fell 1.6 percent.
Stocks that would most directly benefit from a continuing swift reopening of the economy led the losses, with shares of United Airlines falling more than 7 percent. Key stocks linked to the global economy pulled back, with Boeing and General Motors each falling by more than 5 percent.
“Consumer concern about inflation as well as a rise in new cases of Covid-19 among vaccinated Americans could weigh on consumer sentiment in the coming months even as employment and incomes grow as the economy reopens,” Oppenheimer Chief Investment Strategist John Stoltzfus said in a report Monday.
Covid cases have rebounded in the U.S. this month with the delta variant spreading among the unvaccinated.
The U.S. is averaging nearly 30,000 new cases a day in the last seven days ending Friday, up from a seven-day average of around 11,000 cases a day a month ago, according to data from the Centers for Disease Control and Prevention. Cases were already flaring up around the world because of the delta variant.
https://www.nbcnews.com/business/business-news/dow-drops-700-points-fears-covid-rebound-n1274356
= new reply since forum marked as read
We should stop labeling them a "news organization" and start labeling them as a "terrorist organization with hostile intent". 
https://www.mediamatters.org/fox-news/fox-has-undermined-vaccination-efforts-nearly-60-all-vaccination-segments-2-week-period
