The First Slice for Tuesday, November 29, 2022

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.

  • The Dow closed off at -497.57 or -1.45%
  • The S&P 500 finished down -62.18 or -1.54%
  • The Nasdaq closed lower at -176.86 or -1.58%

Wall Street stocks tumbled on Monday as protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production.

Shares of the Cupertino, California tech giant fell over 2% and weighed heavily on the benchmark S&P 500 index as worker unrest at the world’s biggest iPhone factory in China fanned fears of a deeper hit to the already constrained production of higher-end phones……..Click here to read the source article[read more]

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