The First Slice for Wednesday, November 30, 2022

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…….Click here to read the source article[read more]

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