Dow drops 750 pts amid Covid surge, sees worst day since late Oct

Shares of travel-related companies, which had just begun to climb after suffering steep losses during pandemic-driven lockdowns last year, fell again on Monday

The Dow sank more than 2% on Monday as fears a spike in COVID-19 cases would halt a broader economic recovery pummeled economically sensitive and travel stocks and pushed bond yields to five-month lows. Dow is well on its way to seeing its worst day since late October last year.

New infections surged in parts of Asia and England, while U.S. COVID-19 cases soared 70% last week, fueled by the Delta variant.

All 11 S&P sectors fell in morning trading, with the so-called value stocks including financial, industrial , materials and energy dropping between 2.1% and 4.2%.

The banking sub-index