U.S. stocks finished a volatile session mostly lower on Tuesday as investors gauged the chances that China may ease its zero-COVID policies which provoked widespread protests over the weekend and added to investor worries about global economic growth.
- The Dow ended nearly flat at +3.07 or +0.01%
- The S&P 500 declined -6.31 or -0.16%
- The Nasdaq dropped -65.72 or -0.59%
Equities, bond yields, and industrial commodity prices fell at the start of the week on concerns a wave of anti-COVID-lockdown demonstrations would cause a crackdown by Beijing, further hobbling activity in the world’s second-biggest economy and slowing global growth.
However, on Tuesday China’s National Health Commission said it would ramp up COVID vaccinations for the elderly, a move that is seen as allowing the government eventually to relax COVID restrictions…….[read more]
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