The Dow Jones plummeted on Monday, crashing more than 700 points down before the market closed at 4:00 PM.
As Fox Business reports:
New COVID-19 infections jumped 70% last week to about 30,000 a day as the Delta variant continued to spread. Deaths rose to an average of 250 a day, mostly in unvaccinated people.
The Dow Jones Industrial Average fell over 900 points, or 2.6%, while the S&P 500 and the Nasdaq Composite declined 2% and 1.5%, respectively.
Energy, financials, and materials paced the declines for the broader market.
Could the news get any better for Joe Biden’s failing economy?