US stocks close lower on concerns over Delta variant

The major US stocks indices closed lower on Tuesday, due to lingering concerns over the coronavirus delta mutation.

US stock and bond markets in Wall Street were closed yesterday, in observance of the Labor Day holiday.

Goldman Sachs slashed its US economic growth forecast in 2021 to 5.7% due to concerns over the delta variant and the possibility of anther lockdown restrictions.

Efforts to contain the coronavirus pandemic are continuing around the world, especially after the new highly transmissible delta strain emerged, which the World Health Organization has warned of.

In the oil market, WTI crude October futures fell 1.4% or 94 cents, and closed at $68.35 a barrel.

Brent November futures fell 1.3% or 92 cents, and closed at $71.69 a barrel.

As for stocks, Dow Jones fell 0.7% or 269 points, and closed at 35,100, with a day high of 35,373, and a low of 35,060.

S&P 500 fell 0.3% or 15 points to 4,520, after hitting a high of 4,535, and a low of 4,513 points.

Nasdaq rose 0.9% or 11 points to 15,374, with a high of 15,403 and a low of 15,343.