New York stocks: New virus variant weighs more heavily than stimulus package

NEW YORK (dpa-AFX) – Negative corona news from Great Britain put a strain on the US stock exchanges on Monday. A new, possibly far more contagious, variant of the virus is spreading in the UK, which is why continental Europe is closing itself off from the country at the beginning of the week. The long-awaited announcement that Democrats and Republicans in the US Congress have agreed on another huge corona stimulus package, however, mitigated the losses. The overall situation on the stock exchanges remains very fragile, stated market expert Andreas Lipkow from Comdirect.

After the first half hour of trading, the Dow Jones Industrial fell 0.71 percent to 29,964.55 points. This means that the price discount is initially significantly lower than on the battered European stock exchanges.

The market-wide S&P 500 lost 1.24 percent to 3,663.54 points and the technology-heavy Nasdaq 100 fell 1.18 percent to 12,587.52 points. The three major New York indices had set records in early trading last Friday./ajx/fba

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