U.S. Stock-Market Tumble Hasn’t Quelled Optimism

U.S. stocks are facing their most uncertain outlook since the Covid-19 pandemic sent the market tumbling last year. But many investors say there is no better place to be right now.

Major U.S. stock indexes sank Monday, with the Dow Jones Industrial Average losing more than 600 points, or 1.8%, as concerns grew that a default by real-estate developer China Evergrande Group could spur a widespread retreat from riskier assets. Percolating worries about a slowdown in economic growth, ongoing supply-chain issues and rising deaths tied to the Delta variant of the coronavirus added to the volatility.