The spread of the coronavirus' Delta variant continued to threaten the global economic recovery. But the Delta variant is about twice as infectious as the 2020 version — a kind of "Covid-19 on steroids," Andy Slavitt, a former senior adviser to Joe Biden's Covid Response Team, told CNN on Wednesday. Wall Street feared that the spread of the Delta variant could undo much of the progress gained over the past year. "Growing concerns around the Delta variant are adding to anxieties about the global growth outlook," said Keith Lerner, chief market strategist at Truist Advisory Services. With volume low as investors hit the beaches, don't discount some news making an outsized impact on the market, Hogan noted.

Source: CNN July 08, 2021 11:15 UTC