Sept. 21 (UPI) — The Dow Jones Industrial Average recorded its worst day in about two weeks on Monday amid ongoing concerns about the COVID-19 pandemic.
The blue-chip index fell 509.72 points, or 1.84%, its worst day since Sept. 8, when it fell 2.3%. The S&P 500 marked its fourth straight day of losses for the first time since February as it dropped 1.16% and the Nasdaq Composite notched slight losses, falling 0.13%.
Stocks that would benefit from the lifting of restrictions related to the pandemic declined amid reports Britain was considering a renewed lockdown. Carnival cruise line stock fell 6.66%, Delta Air Lines stock fell 9.25% and Southwest Airlines dropped 5.8%.
Bank stocks also suffered Monday as Deutsche Bank dropped 8.25% and JPMorgan Chase slid 3.09%.
Tech stocks, which have served as a bellwether for the larger market in recent months, rebounded from losses last week as Netflix grew 3.7%, Apple gained 3.03%, Microsoft increased 1.07% and Amazon closed the day up 0.19%.
Monday’s declines put the market on pace for one of the worst September declines in years.
The S&P 500 was down 11% on the month, its worst September since 2002, the Dow was down 5.6%, its worst drop since 2011, and the Nasdaq has fallen 9.8%, its worst September decline since 2008.