Tech gains lift indices to new highs as Dow drifts
Tech stocks led gains on Monday with Apple up 3 percent and Amazon and Facebook up over 2 percent, pushing the Nasdaq and S&P 500 to fresh highs while the Dow slipped about 0.2 percent. Powell signaled continued low rates as the economy recovers, easing some worries about a policy shift. Banks weighed on markets as yields fell and Wells Fargo dropped.
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EU urges U S to reinstate travel curbs over delta spread
The European Union urged its 27 member states to reinstate nonessential travel limits on visitors from the United States amid rising U S infections. The guidance allows individual countries to keep restrictions or admit fully vaccinated travelers, aiming to protect Europe while acknowledging varied national rules. The nonbinding stance reflects urgent concern about delta driven spread and uncertain cross Atlantic rules for tourism.
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Market rally as vaccine rollout features in EU US travel talks
Markets rose as vaccine approvals from Pfizer Moderna AstraZeneca and Johnson & Johnson underpin optimism. White House aides say US travel policy is under review with potential testing and vaccination requirements, while EU proposes reciprocal rules and keeps pressure on reopening borders.
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Travel slump dampens U S air travel as delta worries grow
Airlines warn travel demand is falling with the delta variant and Labor Day spending down 16 percent from 2019 as of Aug 21 while online flight spending drops 33 percent through the first three weeks of August.
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