Stocks tread water as gold, oil declines spook sentiment

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Reuters

By Matt Scuffham NEW YORK (Reuters) – Global shares treaded water on Monday as sharp falls in gold and oil prices and concerns over the spread of the coronavirus Delta variant dented sentiment. U.S. stock indexes were mixed. The Dow Jones Industrial Average fell 66.11 points, or 0.19%, to 35,142.4, the S&P 500 lost 0.36 points, or 0.01%, to 4,436.16 and the Nasdaq Composite added 39.65 points, or 0.27%, to 14,875.41. “With the Delta variant spreading, money managers who were over-invested in the re-opening trade continue to unwind that trade because it’s not working right now,” said Dennis Dic…

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