Consumer sentiment suddenly crashes below early-pandemic levels

Americans are extremely worried about the Delta variant and the spike in Covid-19 cases. A key survey of consumer confidence plunged in August below where it was in April 2020 when the first Covid-19 outbreak slammed the brakes on the US economy.

News: What you need to know about the markets     Consumer sentiment suddenly crashes below early-pandemic levels Americans are extremely worried about the Delta variant and the spike in Covid-19 cases. A key survey of consumer confidence plunged in August below where it was in April 2020 when the first Covid-19 outbreak slammed the brakes on the US economy. Read more »   Used car price hikes may soon be over Used car prices may finally be peaking. Read more »   How extreme weather is making food more expensive Devastating heat. Debilitating droughts. Crippling frost. Extreme weather is creating nightmares for farmers around the world -- and making food more expensive for Americans. Read more »   An anonymous hacker stole $600 million in cryptocurrency, then gave it back An anonymous hacker who stole more than $600 million from the decentralized finance platform Poly Network this week has returned virtually all of the money — and apparently turned down a half-million-dollar reward offered by the company for exposing its security vulnerability. Read more »   Airbnb warns that the Delta variant could disrupt travel Airbnb had a blockbuster second quarter, with revenue soaring nearly 300% and topping expectations. But it also reported some bad news: The company is worried about the Delta variant's impact on consumers' future travel plans. Read more »   Vaccine mandates for workers could become the new normal A growing number of major companies are exploring vaccine mandates for their employees as the Delta variant continues to spread through America and around the world. Read more »

Dow Nasdaq S&P +15.53   +6.64   +7.17 35,515.38   14,822.90   4,468.00 +0.04%   +0.04%   +0.16% YTD +16.04%   YTD +15.01%   YTD +18.95%

Biggest Winners Pfizer Inc +2.62%   Tyson Foods Inc +2.34%   Global Payments Inc +2.13%   Organon & Co +2.12% Biggest Losers HP Inc -4.57%   Occidental Petroleum Corp -4.02%   Gap Inc -3.70%   Best Buy Co Inc -3.68%

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Key Market Stats Latest Today's Change Oil $67.96 -0.48 / -0.70% Gold $1,780.60 +2.40 / +0.13% 10-yr 1.30% -0.07 Euro $1.18 +0.01 / +0.50%

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