A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for Chinese leader Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The S&P 500 fell 1.5 percent, clawing back all of the benchmark index’s gains from last week. The Dow Jones…
Investing: Learning to Live With the Bear
By Anne Kates Smith From Kiplinger’s Personal Finance What the bull giveth, the bear taketh away. Investors who thought the bear market might be over after summer’s strong gains got a reminder this fall that bear market rallies can be exhilarating but fleeting. Following a 24 percent drop from the record high in January through…
Wall Street to Open Lower on China’s Anti-Lockdown Protests; Apple Slips
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Wall Street Opens Lower on China COVID-19 Protests; Apple Slips
November 28, 2022
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Wall Street’s main indexes opened lower on Monday as protests in major Chinese cities against strict COVID-19 policies reignited concerns about economic growth, while Apple slipped on a report of disruption in production at a factory in China. The Dow Jones Industrial Average fell 71.1 points, or 0.21 percent, at the open to 34,275.91. The…
Dollar Slips, While Yuan Slumps on COVID-19 Unrest in China
SINGAPORE/LONDON—The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while anti-regime protests in China sent the yuan to a two-week low. Protests have flared across China and spread to several cities in the wake of an apartment fire that killed 10 people in the city of Urumqi…
Oil Prices Erase 2022 Gains as China’s Protests Spark Demand Worries
November 28, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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Oil prices fell to near their lowest levels this year on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern about the outlook for fuel demand. Brent crude dropped $2.66, or 3.1 percent, to trade at $80.97 a barrel at 1000 GMT, after diving more than 3…
China’s Anti-Lockdown Protests Shake Stocks and Oil
November 28, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SYDNEY/LONDON—Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID-19 curbs hit growth expectations in the world’s second-largest economy. Clashes between police and protesters across several major cities over the weekend halted a tentative stocks rally that gathered pace last week as hope-starved…
Nasdaq Ends Down as Investors Eye Black Friday Sales, China Infections
The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading session for Wall Street, as investors watched Black Friday sales and COVID-19 cases in China. Apple fell 2.0 percent on news of reduced iPhone shipments from a Foxconn plant in China in November as production was hit by COVID-related…
Wall Street Mixed at Open With Black Friday Sales in Focus
Wall Street’s main indexes were mixed at the open on Friday, with investors closely monitoring the major retailers as Black Friday sales began against the backdrop of stubbornly high inflation and worries about a potential recession next year. The Dow Jones Industrial Average rose 19.0 points, or 0.06 percent, at the open to 34213.04. The…
Dollar Hovers Near 3-Month Low Amid Bets Fed Will Slow Hikes
LONDON—The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors. The euro was set for weekly gains with the GfK institute survey bringing some relief, showing on Friday…
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