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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 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 to 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.

In 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 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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