Stock Market Starts Paring Back Massive Losses As ‘Covid Anxiety’ Climbs
- Date: 20-Jul-2021
- Source: Forbes
- Sector:Economy
- Country:Middle East
Stock Market Starts Paring Back Massive Losses As ‘Covid Anxiety’ Climbs
Major stock market indexes recovered a fraction of their Monday losses in early Tuesday trading as the tenor of Covid-19 news continued to fuel investor concerns that the rapidly spreading Delta variant of the virus could hurt economic activity, all while the start of second-quarter earnings season sheds light on the supply shortages starting to cripple certain industries.
"Investors are facing the very real prospect that limitations on daily life could be a factor... ... [+] into 2022," Deutsche Bank analysts cautioned Tuesday.
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