US stocks fell dramatically on Monday as investors pulled out of a slew of industries that would be hurt by the pandemic-related lockdowns being considered once more in several countries as outbreaks worsen.
At closing bell on Monday, the Dow Jones Industrial Average was down some 509.72 points, a 1.84% drop, finishing at 27,147.70. The S&P 500, which follows the world’s top companies, fell by 38.41 points, a 1.16% drop to finish at 3,281.06. The Nasdaq Composite, which heavily tracks info tech companies, fell by some 14.48 points, a 0.13% drop to finish at 10,778.80.
Accordingly, it was travel companies like Carnival, Southwest Airlines and Delta Air Lines that led the decline, losing 6.4%, 5.6%, and 8.7% of their stock value, respectively.