Analysts said the relatively slow vaccination rollouts in
“This is stretching out already elongated timelines to herd immunity, necessitating periodic lockdowns to stymie rising infection rates,” said
“Asia remains the epicenter of the spread, with the number of COVID cases in
Analysts said the
“Yes, markets will try to brush this geopolitical earthquake off: It’s just
The benchmark S&P 500 rose 0.2% and notched its second-straight weekly increase. The Dow and the Nasdaq edged up less than 0.1%. The S&P 500 rose 7.17 points to 4,468. The Dow added 15.53 points to 35,515.38, and the Nasdaq picked up 6.64 points to 14,822.90.
Stocks in the S&P 500 were nearly evenly split between winners and losers. Gains in technology, health care and household goods companies outweighed losses by banks, energy stocks and other sectors. The Russell 2000 index of small companies fell 20.96 points, or 0.9%, to 2,223.11, another sign traders were worried about future economic growth.
Also pushing down investor optimism was the
The unexpectedly bad drop in the survey’s reading was almost entirely due to the spread of the delta variant of the coronavirus, which has caused hospitals to fill up with unvaccinated patients across the
In energy trading, benchmark
In currency trading, the