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Wall Street open lower as worries grow about coronavirus spread

European markets were taking bigger losses of between 2% and 3%.

July 19, 2021 / 07:36 PM IST

Stocks are opening broadly lower on Wall Street, echoing losses overseas, as investors become more worried about a resurgence in global infections of COVID-19.

The benchmark S&P 500 was down 1.2% in the early going Monday, and Treasury yields moved lower as investors moved money into U.S. government bonds.

European markets were taking bigger losses of between 2% and 3%.

Crude prices fell 3% after major oil producing nations agreed to raise production limits. Indonesia has become a new epicenter for the pandemic as outbreaks worsen across Southeast Asia.

Many nations have been hit with the more rapidly transmitted delta variant.

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Associated Press
first published: Jul 19, 2021 07:36 pm

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