ReePrime
Dow Jones Loses Over 200 Points

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

Dow Jones Loses Over 200 Points

B
Benzinga

3 Views • Sep 01, 2021

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.