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Dow Jones Loses Over 200 Points
Description
Monday morning opened with the Dow dipping about 225 points. This comes about after the Dow Jones and S&P 500 both reached record closes on Friday. The loss is attributed to a lag in Chinese economic growth. In July, the country’s retail sales grew by 8.5%, but a Reuters economist poll forecasted an 11.5% increase. Online sales and industrial production both fell short of projections too. The long-term impact of Covid, the rise of the Delta variant, and domestic flooding are all factors that push against the progress of China’s economic growth.
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ET the Dow Jones Industrial Average was down 19.01 points, or 0.09 percent, at 20,818.43, the S&P 500 was down 3.86 points, or 0.16 percent, at 2,365.89
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