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Dow futures slide 1% as virus surge raises growth worries

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Reuters

By Devik Jain (Reuters) – Futures tracking the blue-chip Dow fell 1% on Monday, with economy-linked value and travel stocks taking a hit after a spike in global COVID-19 cases raised fresh concerns about slowing economic growth. New U.S. COVID-19 cases surged 70% last week compared with the prior seven days to an average of 30,000 new infections a day, fueled by the Delta variant. Deaths rose 26% week-over-week to an average of 250 lives lost a day, mostly in unvaccinated patients. Shares of travel companies, which took a hammering last year during lockdowns but have climbed recently on reopen…

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