Market ended lower as stocks dropped after the monthly report from the Conference Board was released, showing that the consumer confidence dropped lower than expected while the delta variant was running amok.
Stocks collectively dip after setting record levels last week while commodity prices declined due to concerns over variant COVID's rampant spread resurfaced and gets highlighted. Oil prices sank sharply right after concerns resurge.
Market recovered losses as stocks rocketed higher this Friday after investors shake off existing growth concerns. All the declines from yesterday were swept away with all benchmark equities setting new all-time highs.