S&P 500 Slumps on Virus Angst After European Rout: Markets Wrap
- Crude oil sinks; dollar climbs; Treasury yields decline
- Sterling weaker amid full London lockdown, Brexit trade talks
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U.S. stocks slumped, joining a global decline as a new variant of the coronavirus in the U.K. and a wave of lockdowns and travel restrictions damped spirits.
The S&P 500 Index dipped about 0.4%, dragged lower by losses for Tesla Inc., which fell more than 6% on its first day after being added to the U.S. benchmark. The Dow Jones Industrial Average eked out a gain as Goldman Sachs Group Inc. rallied after regulators approved a stock buyback. The yield on 10-year Treasuries retreated and the dollar climbed.