US STOCKS-S&P 500 edges down on virus woes, slowing economy ...Middle East

The S&P 500 Index closed slightly lower on Monday, after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season. Data earlier in the day showed that although U.S. manufacturing grew in July, its pace slowed for a second straight month as spending rotated back to services from goods, and shortages of raw materials persisted.

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