US stocks slide as investors fear virus surge will dent recovery

The Dow Jones Industrial Average slumped 725.81, or 2.1%, to 33,962.04, while the Nasdaq composite lost 152.25, or 1.1%, to 14,274.98

(PA)

Resurgent pandemic worries knocked stocks lower from Wall Street to Tokyo on Monday, fuelled by fears that faster-spreading variants of the virus may upend the economy’s strong recovery.

The S&P 500 fell 68.67, or 1.6%, to 4,258.49, after setting a record just a week earlier. In another sign of worry, the yield on the 10-year Treasury touched its lowest level in five months as investors scrambled for safer places to put their money.