(CNBC) -- The Dow Jones Industrial Average fell on Tuesday amid lingering concerns about the delta variant’s impact on the economic reopening.
The Dow dropped 267 points, dragged down by a 1.8% loss in Boeing’s stock. The S&P 500 fell 0.34%. The Nasdaq Composite rose 0.07%, notching a new record close. The NYSE was closed on Monday for Labor Day.
Goldman Sachs downgraded its economic outlook over the weekend, citing the delta variant and fading fiscal stimulus. Goldman now sees 5.7% annual growth in 2021, below the 6.2% consensus. The firm cut its fourth-quarter GDP outlook to 5.5%, down from 6.5%.
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