US deep in red premarket, Dow tumbles over 450 pts

Monday, 20. September 2021 10:27

United States stock indexes traded significantly lower on Monday amid a global selloff, driven by inflation concerns, as well as the surge in new COVID-19 infections. Over the weekend, media reported that the Washington-held Quad summit should lead to a new semiconductor partnership among participants.

The Dow Jones Industrial Average slid 1.37%, or 473 points at 4:24 am ET, while the Nasdaq lost 1.05%, or 160 points. The S&P 500 plunged 1.18% or 52 points at the same time.

The euro dipped 0.14% against the dollar at 4:26 am ET, selling for $1.17086.

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Breaking the News / MD