Market Snapshot: Dow down 250 points as China protests rattle markets and stoke fears about slowing global growth

by | Nov 28, 2022 | Stock Market

U.S. stocks tumbled on Monday amid concerns that protests in China might hobble global growth, while investors awaited a deluge of critical economic data, and commentary from Federal Reserve Chairman Jerome Powell, due out later in the week. How are stocks trading
The Dow Jones Industrial Average
was down 256 points, or 0.8%, at 34,090.

The S&P 500
retreated 36 points, or 0.9%, to 3,990.

The Nasdaq Composite shed 97 points, or 0.9%, to 11,129.

U.S. stocks notched a weekly gain last week for the second time in three weeks. Dow rose 1.8%, while the S&P 500 advanced 1.5% and the Nasdaq gained 0.7%.

What’s driving markets Wall Street is in line to start the week in a downbeat mood as traders absorb the impact of unrest in China. Hong Kong’s Hang Seng Index
closed off 1.6% as equity indexes across Asia traded lower. Worries about unrest in China spilled over into commodity markets as well, with West Texas Intermediate crude for January
delivery falling more than 3% at one point to less than $74 per barrel, erasing all of the U.S. benchmark’s year-to-date gains. Meanwhile, …

Article Attribution | Read More at Article Source

Share This