Why the Stock Market Doesn’t Seem to Care About the Latest Surge in Covid Cases

Barrons2021-08-03

The stock market shrugged off rising Covid-19 infections due to the Delta variant Monday. And that makes sense: Despite Covid issues, investors are feeling a little better about the outlook for ...

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精彩评论

Doge2theMoon
2021-08-03
Doge2theMoon
More importantly, US will resist a shutdown. Thatis a boost for stock price. In addition, this give more impetus for the infrastructure bill to be pushed through.
6fea9d41
2021-08-03
6fea9d41
We have to accept that COVID willl become endemic
Hodl
2021-08-03
Hodl
[Grin]
Veldora
2021-08-03
Veldora
Covid become part of our life. Long term investor won’t be concern.
Hellopretty
2021-08-03
Hellopretty
Cool
Jenjorjack
2021-08-03
Jenjorjack
Delta strikes and slowing economy but not enough to send the market down to bear territory yet. Please like comment and follow

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And that makes sense: Despite Covid issues, investors are feeling a little better about the outlook for ...</p>\n\n<a href=\"https://www.barrons.com/articles/delta-variant-covid-stock-market-51627907555?mod=hp_LEAD_1\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.barrons.com/articles/delta-variant-covid-stock-market-51627907555?mod=hp_LEAD_1","article_id":"1134094306","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134094306","pubTimestamp":1627958426,"columns":[],"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"The stock market shrugged off rising Covid-19 infections due to the Delta variant Monday. 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Cases are soaring once again, and concerns about breakthrough cases are making headlines everywhere—a study of cases in the county containing Cape Cod showed that 74% were in people who’d been vaccinated—as states reconsider their masking and back-to-school policies.\nBut the market might have already responded to the fears: OnJuly 19, the Dow Jones Industrial Average dropped 2.1%, its worst day since October, while the S&P 500 dropped 1.6%.\nBack then, the seven-day average of new cases in the U.S. sat at about 35,000, up almost 50% over the seven-day average from a week before. Worldwide, the seven-day average on July 19 was about 521,000 new cases, up 17% from the prior week.\nBut the market recovered even as infection rates got worse. The S&P 500 hit a new 52-week high on July 29, despite no abatement in Covid-19 data, but slipped 0.2% on Monday. TheDow Jones Industrial Average declined 0.3%, while the Nasdaq Composite rose 0.1%.\nComing into Monday, the seven-day average of new Covid cases in America is about 80,000 now, up 129% since the seven-day period ending July 19. S&P 500 and Dow Jones Industrial Average futures, however, are up about 0.5% and 0.4%, respectively. The takeaway: Investors don’t seem to care about Covid anymore.\nThat might seem strange but makes some sense. First, investors might be viewing the recent surge as a U.S.-only problem. The worldwide seven-day average of new Covid cases is about 596,000, up 15% from the seven-day period ending July 19. That’s a better comparison than the up 129% figure for the U.S. And excluding American figures, the worldwide seven-day average is about 517,000 a day, up 6% from the level on July 19.\nInvestors might also be more optimistic because widespread lockdowns don’t look likely. Even if indoor masking comes back for fully vaccinated people, Dr. Anthony Fauci said over the weekend he did not think the U.S. would lockdown again.\nAnd Thomas Lee of FundStrat pointed out in a Monday email to clients that new hospitalization rates are slowing. That’s another positive that investors can point to.\nWhether it stays that way remains to be seen.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":804274483,"gmtCreate":1627961532242,"gmtModify":1633754836360,"author":{"id":"3586655119950414","authorId":"3586655119950414","name":"Doge2theMoon","avatar":"https://static.tigerbbs.com/cd1b564f8bed71eac62bc987f04bbce0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586655119950414","authorIdStr":"3586655119950414"},"htmlText":"More importantly, US will resist a shutdown. Thatis a boost for stock price. In addition, this give more impetus for the infrastructure bill to be pushed through.&nbsp;","listText":"More importantly, US will resist a shutdown. Thatis a boost for stock price. In addition, this give more impetus for the infrastructure bill to be pushed through.&nbsp;","text":"More importantly, US will resist a shutdown. Thatis a boost for stock price. In addition, this give more impetus for the infrastructure bill to be pushed through.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804274483","repostId":1134094306,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804278550,"gmtCreate":1627961173470,"gmtModify":1631889003056,"author":{"id":"4088378716140630","authorId":"4088378716140630","name":"6fea9d41","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088378716140630","authorIdStr":"4088378716140630"},"htmlText":"We have to accept that COVID willl become endemic","listText":"We have to accept that COVID willl become endemic","text":"We have to accept that COVID willl become endemic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804278550","repostId":1134094306,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804252056,"gmtCreate":1627959953675,"gmtModify":1631892155468,"author":{"id":"3579666066637422","authorId":"3579666066637422","name":"Hodl","avatar":"https://static.tigerbbs.com/d591a82f579d3114da9795812a4217a0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579666066637422","authorIdStr":"3579666066637422"},"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804252056","repostId":1134094306,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804224398,"gmtCreate":1627959537614,"gmtModify":1631893071155,"author":{"id":"3580473686930895","authorId":"3580473686930895","name":"Veldora","avatar":"https://static.tigerbbs.com/2c60768e017f3418615cd7dea3a291ec","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3580473686930895","authorIdStr":"3580473686930895"},"htmlText":"Covid&nbsp;become part of our&nbsp;life. Long term investor won’t be concern.","listText":"Covid&nbsp;become part of our&nbsp;life. Long term investor won’t be concern.","text":"Covid become part of our life. Long term investor won’t be concern.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804224398","repostId":1134094306,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804222327,"gmtCreate":1627959432569,"gmtModify":1633754861178,"author":{"id":"3581727653742860","authorId":"3581727653742860","name":"Hellopretty","avatar":"https://static.tigerbbs.com/5e63afb1a741f90065b89b6a2a5ed20b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581727653742860","authorIdStr":"3581727653742860"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804222327","repostId":1134094306,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804221224,"gmtCreate":1627959270168,"gmtModify":1633754863386,"author":{"id":"3554873215379647","authorId":"3554873215379647","name":"Jenjorjack","avatar":"https://static.tigerbbs.com/d9d4687aa5519f0d2fb1b18f916be861","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554873215379647","authorIdStr":"3554873215379647"},"htmlText":"Delta strikes and slowing economy but not enough to send the market down to bear territory yet. Please like comment and follow&nbsp;","listText":"Delta strikes and slowing economy but not enough to send the market down to bear territory yet. Please like comment and follow&nbsp;","text":"Delta strikes and slowing economy but not enough to send the market down to bear territory yet. Please like comment and follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804221224","repostId":1134094306,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":79,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134094306"}