Sat, 25 Sep 2021

NEW YORK, New York - The surging Delta variant of COVID-19 has unnerved U.S. investors with Wall Street ending the day on Monday directionless.

"I don't think investors are worried about broader macroeconomic numbers even if they are showing signs of a slowdown; the concern lies in the risk of reopening being on pause because of the spread of the Delta variant," Dennis Dick, a proprietary trader at Bright Trading LLC told Reuters Thomson Monday.

The Nasdaq Composite edged up 8.39 points or 0.06 percent to 14,681.07.

The Standard and Poor's 500 eased 8.11 points or 0.18 percent to 4,387.15.

The Dow Jones lost 97.81 points or 0.28 percent, to close Monday at 34,838.16.

The U.S. dollar was little changed. The euro was changing hands at 1.1866 approaching the New York close on Monday. The British pound was slightly softer at 1.3884. The Japanese yen was a fraction stronger at 109.34. The Swiss franc was unmoved at 0.9055.

The Canadian dollar drifted down a touch to 1.2812. The Australian and New Zealand dollars were little changed at 0.7358 and 0.699 respectively.

In London, the FTSE 100 gained 0.70 percent. The Paris-based CAC 40 climbed 0.95 percent. The Dax in Germany advanced 0.16 percent.

Stocks on Asian markets began the week solidly higher.

China's Shanghai Composite led the way, jumping 66.93 points or 1.97 percent to 3,464.29.

The Nikkei 225 in Tokyo advanced 497.43 points or 1.82 percent to 27,781.02.

The Australian All Ordinaries gained 96.30 points or 1.26 percent to 2,760.50.

The Hang Seng in Hong Kong closed 274.77 points or 1.06 percent higher at 26,235.80.

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