Dow tumbles 540 points amid surging COVID-19 cases
stocksdeclined in the first tradingsession of 2021 on Monday as investors weighed another spike in virus cases.
- Bitcoin saw a volatile trading session on Monday after it fell 17% following a surge to record highs just below $35,000.
- Watch major indexes update live here.
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US stocks declined in the first trading session of 2021 on Monday as investors weighed another spike in virus cases.
Bitcoin surged and then dropped in a volatile trading session. The popular cryptocurrency hit record highs just below $35,000 on Sunday before falling as much as 17% in Monday trades to levels not seen since last week. Bitcoin's fall was its steepest since March.
Here's where US indexes stood at 11:40 a.m. ET on Monday:
- S&P 500: 3,698.19, down 1.5%
- Dow Jones industrial average: 30,069.80, down 1.8% (537 points)
- Nasdaq composite: 12,719.10, down 1.3%
Tesla jumped after it said it delivered nearly 500,000 electric vehicles in 2020, besting Wall Street expectations and falling just a few hundred vehicles short of its delivery target.
Herbalife fell after billionaire investor Carl Icahn sold $600 million worth of shares in the company and gave up board seats.
Gold jumped as much as 2.4%, to $1,944.52 per ounce.
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