Stock futures slip amid delta variant concerns - Fox Business

Cornerstone Wealth CIO Cliff Hodge, Payne Capital Management president Ryan Payne and Spotlight Asset Group CIO Shanna Sissel discuss their outlook for the market amid the Federal Reserve weighing ending asset purchases.

U.S. stock indexes were moderately lower Monday morning as the number of new coronavirus infections in the U.S. held near a four-month high.

The Dow Jones Industrial Average fell 121 points, or 0.34%, while the S&P 500 and the Nasdaq Composite declined 0.32% and 0.37%, respectively. The selling comes after both the Dow and the S&P 500 closed in record territory in each of the past four sessions.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35302.78	-212.60	-0.60%
SP500	S&P 500	4450.7	-17.30	-0.39%
I:COMP	NASDAQ COMPOSITE INDEX	14777.450797	-45.45	-0.31%

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In stocks, concerns over the spreading delta variant bogged down airlines, cruise ship operators and other travel-related names.

Ticker	Security	Last	Change	Change %
DAL	DELTA AIR LINES, INC.	39.22	-0.71	-1.78%
CCL	CARNIVAL CORP.	22.25	-0.57	-2.52%
NCLH	NORWEGIAN CRUISE LINE HOLDINGS LTD.	24.39	-0.64	-2.56%

Meanwhile, China-linked names, including Alibaba Group, JD.com Inc. and Baidu Inc., were under pressure after retail sales and industrial production data in the country slowed sharply.

Ticker	Security	Last	Change	Change %
BABA	ALIBABA GROUP HOLDING LTD.	185.95	-2.72	-1.44%
JD	JD.COM, INC.	67.24	-2.62	-3.75%
BIDU	BAIDU, INC.	149.26	-3.19	-2.09%

Elsewhere, T-Mobile US Inc. shares were lower after the telecom-services provider said it was investigating claims made on an online message board that more than 100 million customers were victims of a data breach.

Ticker	Security	Last	Change	Change %
TMUS	T-MOBILE US, INC.	141.98	-2.96	-2.04%

In deals, Hyatt Hotels Corp. agreed to buy resort company Apple Leisure Group from private-equity firm KKR & Co. and travel and leisure investor KSL Capital Partners for $2.7 billion in cash.

Ticker	Security	Last	Change	Change %
H	HYATT HOTELS CORP.	71.92	-0.14	-0.19%

U.S.-listed Australian miner BHP Group is in talks to sell its oil and gas business to Australia-based Woodside Petroleum in an all-stock deal.

Ticker	Security	Last	Change	Change %
BHP	BHP GROUP LTD.	75.53	-2.29	-2.94%

In earnings, Sweden-based oat milk producer Oatly Group AB reported mixed quarterly results but forecast full-year revenue ahead of Wall Street estimates.

Ticker	Security	Last	Change	Change %
OTLY	OATLY GROUP	17.96	+1.09	+6.46%

Walmart Inc., Target Corp. and Home Depot Inc. are among the other companies set to release their quarterly results this week.

In commodities, West Texas Intermediate crude oil declined $1.99 to $66.45 a barrel and gold edged up $5 to $1,783.20 an ounce.

Overseas markets were broadly lower.

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European bourses were weaker across the board with Britain’s FTSE 100 losing 1.16%, France’s CAC 40 falling 0.79% and Germany’s DAX 30 dropping 0.42%.

In Asia, Japan’s Nikkei 225 and Hong Kong’s Hang Seng index slid 1.62% and 0.8%, respectively, while China’s Shanghai Composite ticked up 0.03%.

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