Beijing Lockdowns Spook Investors as US Stocks Drop

Beijing Lockdowns , Spook Investors , as US Stocks Drop.
Beijing Lockdowns , Spook Investors , as US Stocks Drop.
Al Jazeera reports that the price of stocks and commodities dropped amid fears over China's COVID lockdowns and faster Federal Reserve tightening.
Al Jazeera reports that the price of stocks and commodities dropped amid fears over China's COVID lockdowns and faster Federal Reserve tightening.
Both the S&P 500 and Nasdaq 100
tumbled ahead of a big week for Big Tech. .
Miners and energy firms
reportedly took the brunt of the
Stoxx 600 Europe Index also dropping.
Meanwhile, West Texas Intermediate
futures dropped over 5% to trade
below $98 a barrel.
This week may easily be a fork
in the road of equities. We have
nearly a third of the S&P 500 and
half of the Dow Jones set to report, JC O’Hara, chief market technician
at MKM Partners, via Al Jazeera.
Bottom-up drivers will either
confirm or reject what the challenging
macro backdrop has given us
over the last three weeks, JC O’Hara, chief market technician
at MKM Partners, via Al Jazeera.
According to Al Jazeera,
widening lockdowns in China have
stoked fears of another global shutdown. .
Chinese stocks fell to their lowest point
in almost two years as lawmakers shut down areas
of Beijing amid the country's COVID-zero policy. .
Chinese stocks fell to their lowest point
in almost two years as lawmakers shut down areas
of Beijing amid the country's COVID-zero policy. .
China’s central bank cut the amount
of money that banks need to have
in reserve for their foreign-currency holdings.
The lowered reserve prompted
the yuan to walk back recent losses.
Meanwhle, Al Jazeera reports that
the U.S. Federal Reserve outlined a new
approach to reining in surging prices.
The European Central Bank
also signaled increased tightening