U.S. indices fell Monday amid increasing concern over the spread of the coronavirus Delta variant.
The S&P 500 slid 1.9% to 4,243.77 in midday trading.
The Dow Jones Industrial Average was down 2.5% to 33,813.56, while the Nasdaq was off 1.4% to 14,227.51.
Crude oil decreased 6.8% to $66.95.
Gold fell 0.5% to $1,806.60.
The yield on a 10-year Treasury was down 7.8% to 1.19%.
Five Point Holdings LLC (NYSE: FPH) was off 5% to $7.82. The Irvine real estate developer was trading below its average daily volume with a market cap of $1.2 billion. The company’s shares have risen nearly 48% since the start of the year.
Huntington Beach-based BJ’s Restaurants Inc. (Nasdaq: BJRI) was down 5% to $40.85 for a market cap of $949 million. The restaurant operator’s stock is up 9.2% since the start of the year as it readies for a transition to a new CEO in President and CFO Gregory Levin on Sept. 1. Levin will succeed CEO Gregory Trojan, whose retirement was announced this month.