Dow drops 383 points as COVID-19 cases surge

Dow drops 383 points as COVID-19 cases surge

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US stocks declined in the first trading session of 2021 on Monday as investors weighed a new spike in virus cases.Bitcoin saw a volatile trading session on Monday as it fell as much as 17%. The decline followed a surge to record highs just below $35,000.Watch major indexes update live here.

US stocks declined in the first trading session of 2021 on Monday as investors weighed another spike in virus cases.

To combat the surge in COVID-19 cases and a new strain of the virus, the UK is entering a full national lockdown until at least mid-February, with most schools transitioning to remote learning.

Bitcoin surged and then dropped in a volatile trading session. The popular cryptocurrency hit record highs just below $35,000 on Sunday before falling as much as 17% in Monday trades to levels not seen since last week. Bitcoin's fall was its steepest since March. 

Here's where US indexes stood at the 4 p.m. ET close on Monday:





S&P 500: 3,700.65, down 1.5%Dow Jones industrial average: 30,223.89, down 1.3% (383 points)Nasdaq composite: 12,698.45, down 1.5%

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