Daily Report 08.09.2021
Објавено: 08. 09. 2021

Dow drops 260 points as investors grow concerned about delta variant’s impact on economic recovery; European close lower as investors await ECB meeting 
The Dow Jones Industrial Average fell on Tuesday amid lingering concerns about the delta variant’s impact on the economic reopening. 
The Dow dropped 269.09 points to 35,100.00, dragged down by a 1.8% loss in Boeing’s stock. The S&P 500 fell 0.3% to 4,520.03. The Nasdaq Composite rose less than 0.1% to 15,374.33, notching a record close. The NYSE was closed on Monday for Labor Day. 
Goldman Sachs downgraded its economic outlook over the weekend, citing the delta variant and fading fiscal stimulus. Goldman now sees 5.7% annual growth in 2021, below the 6.2% consensus. The firm cut its fourth-quarter GDP outlook to 5.5%, down from 6.5%. 
Boeing shares were lower after the Wall Street Journal reported deliveries for the 787 Dreamliner would likely be further delayed. 

European stocks closed lower on Tuesday as traders took a cautious position ahead of the European Central Bank meeting on Thursday. 
On the data front in Europe, Germany’s ZEW survey of economic sentiment for September showed investor morale falling to 26.5 points from 40.4 in August, short of a Reuters forecast of 30.0. 
In terms of individual share price movement, U.K. retailer Marks and Spencer climbed 3.3% toward the top of the Stoxx 600 after UBS upgraded the stock and raised its price target. 
Source: CNBC, Investing.com