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Business News

Jul 20, 2021
5:05PM

Dow sinks more than 2% percent as investors sell off economically sensitive shares

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The Dow index sank more than two percent yesterday as investors sold off economically sensitive shares.

Investors remained concern over spike in COVID-19 cases and its effect on economic recovery.

New infections surged in parts of Asia and England, while U.S. COVID-19 cases soared 70 percent last week, fueled by the Delta variant.

The Dow Jones Industrial Average plunged 2.1 percent and the S&P 500 declined 1.6 percent and the Nasdaq Composite index fell 1.1 percent.

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