Investors flee stocks, pile into bonds as Covid-19 surges


Stocks on Wall Street fell as much as 2% on Monday, with the Dow posting its worst day in nine months.

NEW YORK: Stocks on Wall Street fell as much as 2% on Monday, with the Dow posting its worst day in nine months, as a rise in worldwide coronavirus cases and increasing U.S. deaths drove investors out of risky assets, crushing bond yields and share prices.

Oil prices plunged more than 6%, driven down both by worries about future demand and by an OPEC+ agreement to increase supply.

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Covid-19 , MSCI , Dow , S&P , Nasdaq , bonds , dollar

   

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