Stock Market Today: COVID, China Rattle the Rally
by Kyle Woodley
Jul 27, 2021
2 minutes
A second day of global fears over China's regulatory crackdown, as well as rising COVID concerns back home, were enough to knock U.S. stocks off their lofty perch Tuesday.
Rattling domestic stocks today were reports that the Centers for Disease Control and Prevention were prepared to suggest that Americans in COVID hot spots wear masks indoors to combat the spread of the highly transmissible delta variant.
Also, Chinese markets resumed their recent selloff (, -3.0%) and (, -2.3%) bled into the U.S. tech and communications sectors, where names such as (, -1.5%), (, -1.6%) and (, -1.3%) declined.
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