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Wall St. Down as Delta Variant Sparks Global Recovery Fears

On Tuesday, July 20, Wall St. was down due to the surging covid delta variant infections as investors feared a new lockdown and delayed global economic recovery.

The Dow Jones International Average declined 2.09%, with a net change of $725.81. This sent the stock to the bottom at $33,962 per share.

Its worst performers were led by Boeing Co., which fell 4.94% or 10.75 points to $206.99 per share.

This was followed by American Express Co., which lost 4.24% or 7.20 points to $162.81 per share.

Then, Honeywell International Inc. concluded with a decrease of 4.20% or 9.67 points to $220.66 per share.

Likewise, NASDAQ Composite Index also sank 1.06%, with a net loss of $152.25. This sent the stocks lower at $14,275 per share.

Red Cat Holdings Inc. led losses by subsiding 42.25% or 3.00 points to $4.10 per share.

Data Storage Corp. followed by sinking 27.61% or 1.64 points to $4.30 per share.

While China SXT Pharmaceuticals Inc. also retracted 21.70% or 0.46 points to $1.66 per share.

Consequently, S&P 500 Index plummeted 1.59%, with a net decrease of $68.67. This sent the stocks to the ground at $4,258 per share.

The benchmark’s losers include Kimco Realty Corp., which plunged 7.34% or 1.55 points to $19.57 per share.

It was followed by Diamondback Energy Inc., which collapsed 6.60% or 5.17 points to $73.19 per share.

Lastly, Simon Property Group Inc. also dropped 5.87% or 7.31 points to $117.19 per share.

World Stocks Crashed


Generally, the world stocks crashed as the United States, Europe, and Asia were all down.

The MSCI World Index slid 1.62%, with a net loss of $49.10, sending the stocks lower to $2,975.55 per share.

The pan-European STOXX 600 flopped 2.30% or 10.45 points to $444.29 per share.

On London Stock Exchange, FTSE 100 Index and FTSE All-Share Index shed 2.34% or 163.70 points to $6,844 and 2.32% or 92.92 points to $3,910, respectively.

While Germany’s DAX and MDAX Performance Index also slumped 2.62% or 407.11 points at $15,133 and 1.67% or 574.97 points to $33,875, respectively.

Moreover, in Asia, Japan’s Nikkei 225, South Korea’s KOSPI, and Hong Kong’s Hang Seng Index all collapsed by 0.98%, 0.83%, and 1.19%, respectively.

Furthermore, China’s Shanghai Composite and Shenzhen Component decreased 0.50% to $3,521.57 per share and 0.42% to $14,930.28 per share, respectively.

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