- Title: S&P dips, just off record as energy shares fall
- Date: 9th August 2021
- Summary: CRANFORD, NEW JERSEY, UNITED STATES (AUGUST 9, 2021) (REUTERS) (SOUNDBITE) (English) CLEARBRIDGE INVESTMENTS INVESTMENT STRATEGIST, JEFFREY SCHULZE, SAYING: "Well, I think the markets are taking a little bit of a breather from the positive into last week. Obviously, you're seeing the 10-year Treasury rise here a little bit today. And I think that's having an effect on financial markets. But I also think that there's a concern right now with Delta and the shutting down of a lot of the communities, the countries over in Asia right now. There's a little bit of concern on global growth. But here in the U.S., I do think that we're probably reaching peak Delta cases here sometime over this week. If you look to India, you look to the U.K., they saw a peak in a rollover of cases about four to six weeks after the initial peak... the initial rise had happened. And we're rapidly approaching that here in the U.S. So as there's more visibility on Delta, I do think that the markets will start to move higher from here."
- Embargoed: 23rd August 2021 21:08
- Keywords: COVID-19 Delta variant Dow Jones Nasdaq S&P 500 Wall Street coronavirus equities index indices markets shares stocks trading vaccine
- Location: NEW YORK, NEW YORK, + CRANFORD, NEW JERSEY, UNITED STATES
- City: NEW YORK, NEW YORK, + CRANFORD, NEW JERSEY, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets,United States
- Reuters ID: LVA002EPK7GP3
- Aspect Ratio: 16:9
- Story Text: The S&P 500 dipped on Monday (August 9), as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financials stocks, keeping Wall Street's benchmark index near record levels.
The Dow Jones Industrial Average fell 106.66 points, or 0.30%, to 35,101.85, the S&P 500 lost 4.17 points, or 0.09%, to 4,432.35 and the Nasdaq Composite added 24.42 points, or 0.16%, to 14,860.18.
(Production: Hyeongmi Kim, Aleksandra Michalska, Fred Katayama)
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