Stocks fall as fears about growth, delta variant shake market

Source: The Hill | July 8, 2021 | Sylvan Lane

Stocks fell Thursday morning amid growing concern on Wall Street about the strength of the recovery from the coronavirus recession.

The Dow Jones industrial average opened with a loss of nearly 400 points, a 1.1 percent decline. The S&P 500 index opened with a loss of 1.3 percent and the Nasdaq fell 1.2 percent after the opening bell.

Thursday’s sell-off hit a wide range of industries that would take hits if the recovery slows down or the pandemic worsens, including cruise lines, airlines and retailers. Major manufacturers, retailers and technology companies also saw their stocks fall.

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