The Dow Jones Industrial average fell on Tuesday as markets remained concerned about the impact of the delta variant on the reopening of the economy. The Dow Jones industrial average fell more than 200 points, dragged down 1.5 per cent by Boeing Co's share price. The s & p 500 index fell 0.3%. The Nasdaq composite index rose slightly after the opening.

Goldman Sachs Group (Goldman Sachs) recently cut his economic outlook, citing Delta variants and fading fiscal stimulus. Goldman Sachs Group currently expects an annual growth rate of 5.7 per cent in 2021, down from 6.2 per cent. The company cut its fourth-quarter GDP forecast to 5.5 per cent from 6.5 per cent. Goldman Sachs Group's report said: "the obstacles to strong consumption growth in the future seem to be much higher. The Delta virus is already a drag on growth in the third quarter, while weaker fiscal stimulus and a slowdown in the recovery in the services sector will be medium-term resistance." "

Willem Sels, global chief investment officer at HSBC Private Bank, said: "people are seeing an economic slowdown and the outlook is becoming more opaque, so it is understandable that people are reluctant to invest and put money into the market. Concerns about the dela virus and global economic growth and inflation are legitimate, and people naturally want more attention. "

Morgan Stanley downgraded U. S. stocks to underweight on Tuesday. Strategists led by Andrew Sheets wrote: "with the end of the final phase of the mid-cycle transition, we expect the stock market to experience a bumpy period from September to October. "We continue to think that this is a 'normal' cycle and our cycle model is still 'bullish'. But there are some risks to growth over the next two months. "

The s & p 500 rose slightly in September, up 0.1% so far, but September has historically been a challenging month for the market. According to the data, the average decline for the month was 0.6%, the biggest decline of all months.

"We may still have a very strong rebound in September," said Tom Lee, co-founder and head of research at Fundstrat Global Advisors. "We don't think there will be a 10% adjustment window for most of 2021. We think there could be a 10% correction in October. Lee attributed this vulnerability to growing fiscal and monetary policy risks and uncertainty surrounding the epidemic. "We are getting closer and closer to cutting back on debt purchases," he said. When there is turmoil in the bond market, it usually affects the stock market.

In regular trading on Friday, the Dow and S & P fell after a weaker-than-expected jobs report in August, highlighting continuing concerns about the spread of novel coronavirus and his delta subtypes. The Labor Department reported that non-farm payrolls rose by 235000 in August, but economists had expected 720000. So far this year, the Dow is up 15%, the s & p is up 20.4%, and the Nasdaq composite index is up 19.3%, although investors and analysts still expect a sharp correction in September.

Bank of America Corporation (Bank of America) said in a report: "there is no denying that passive investors have not yet felt the pain. The report added that there are some signs that it may be time to start to be 'picky' in the stock market. "