World Net Daily

(CNBC) — U.S. stocks fell for a second day on Tuesday as strong corporate earnings failed to boost a market already near record highs, while an alarming rise in global Covid cases raised concerns about the recovery.

The Dow Jones Industrial Average fell 256.33 points, or 0.8%, to 33,821.30 as Boeing and Nike both dropped more than 4%. The S&P 500 lost 0.7% to 4,134.94 for a second straight day of declines, while the tech-heavy Nasdaq Composite dipped 0.9% to 13,786.27.

Reopening plays such as airlines and cruise line operators led losses on Tuesday. United Airlines plunged 8.5% after the carrier reported its fifth consecutive quarterly loss and said that business and international travel recovery is still far off. American Airlines fell 5.5%, while Carnival and Norwegian Cruise Line both slid over 4%.

Read the full story ›

The post Dow closes 250 points lower for back-to-back losses, reopening plays lead decline appeared first on WND.

Read full article at World Net Daily

Leave a Reply

Your email address will not be published. Required fields are marked *