Dow falls 509 factors, S&P 500 marks four straight days of losses

Dow falls 509 factors, S&P 500 marks four straight days of losses

Sept. 21 (UPI) — The Dow Jones Industrial Average recorded its worst day in about two weeks on Monday amid ongoing considerations referring to the COVID-19 pandemic.

The blue-chip index fell 509.72 factors, or 1.84%, its worst day since Sept. 8, when it fell 2.3%. The S&P 500 marked its fourth straight day of losses for the well-known time since February because it dropped 1.16% and the Nasdaq Composite notched itsy-bitsy losses, falling 0.13%.

Shares that can presumably well well revenue from the lifting of restrictions linked to the pandemic declined amid experiences Britain was as soon as brooding about a renewed lockdown. Carnival cruise line stock fell 6.66%, Delta Air Traces stock fell 9.25% and Southwest Airlines dropped 5.8%.

Bank shares moreover suffered Monday as Deutsche Bank dropped 8.25% and JPMorgan Creep slid 3.09%.

Tech shares, which bear served as a bellwether for the bigger market in contemporary months, rebounded from losses final week as Netflix grew 3.7%, Apple won 3.03%, Microsoft increased 1.07% and Amazon closed the day up 0.19%.

Monday’s declines build the market on scramble for one among the worst September declines in years.

The S&P 500 was as soon as down 11% on the month, its worst September since 2002, the Dow was as soon as down 5.6%, its worst drop since 2011, and the Nasdaq has fallen 9.8%, its worst September decline since 2008.

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