Dow tumbles 800 points, loses grip on 34,000 as stock market slammed over concerns over delta variant of COVID

Stock indexes fell sharply on Monday, with concerns over the global spread of the delta variant of the coronavirus that means COVID-19 is largely to blame as investors braced for another big week of corporate earnings. The Dow Jones Industrial Average DJIA,
-2.06%
traded 817 points, or 2.4%, down to 33,885; the S&P 500 SPX index,
-1.62%
traded down 2% to 4,240, while the Nasdaq Composite Index COMP,
-1.30%
declined 1.7% to 14,187. In company news, Bill Ackman’s Pershing Square Tontine Holdings PSTH,
-0.61%
said on Monday he was abandoning a deal to buy a 10% stake in Universal Music Group, citing regulatory and shareholder concerns. The 10-year Treasury bill returned TMUBMUSD10Y,
1.191%
1.19%.