It seems to me 2 things are at play6 Jul 2021 17:58
For some reason following today’s insanely short sighted government pronouncements some shareholders have decided Covid is done and has gone away ( really - see today’s numbers and the trends).
On top of this all Eu and UK markets, which were up until the DJI opened 300 points or 1% down, decided that the days gains were negated by the US stocks ( how ? why ? ) and instantly reversed wiping out the days gains and going about 1% negative.
Usual bo**ocks, meaningless in the long term, except somehow the DJI always ends up on the winning side, see their close tonight.
Anyone who thinks, with restrictions about to disappear while infection rates are rocketing, tests won't be needed should think again about investing in stocks and shares IMO.
The lunatics ( at least temporarily ) do seem to have taken over the asylum. GLA LTH.