Stocks sink as debt ceiling standoff, global threats spook Wall Street
| Stocks fell sharply Monday as wide-ranging concerns about the sturdiness of the economy drove Wall Street’s worst selloff in nearly a year.
The Dow Jones Industrial Average, S&P 500, and Nasdaq composite were all down more than 2 percent Monday afternoon as stocks fell broadly across the market. Investors and analysts attributed Monday’s selloff to a whirlwind of concerns weighing on the global economy, including the potential economic impact of the delta variant and how it could affect the Federal Reserve’s plans to taper stimulus. |
