US stocks plunge amid Covid variant fears
Stocks plunged in the US on Monday morning, as all three major US stock indexes followed their European counterparts with broad sell-offs fuelled by fears of surging cases of the Delta variant of the Covid virus and renewed lockdowns and economic pressures.
The S&P 500 and the Dow Jones Industrial Average were both down more than 2% by midday, the Dow on track for its worst day in nearly nine months. US 10-year Treasury yields fell to a five-month low.
“Despite the Covid or Delta…