U.S. stock futures are sliding amid concerns unrest in China may hobble global growth
How are stock index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 153 points, or 0.45%, to 34347, the S&P 500 SPX declined 1 points, or 0.03%, to 4026, and the Nasdaq Composite COMP dropped 59 points, or 0.52%, to 11226.
“Unprecedented waves of protest in China have caused ripples of unease across financial markets, as worries mount about repercussions for the world’s second-largest economy,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. “China is a rapacious consumer of global commodities and signs economic activity is being disrupted by the mounting dissent in the country will be seen as negative for demand. It’s worth noting that unrest is already affecting business in China including Apple which has seen violent clashes at one of its facilities in Zhengzhou,” sais Russ Mould, investment director at AJ Bell.
That sees the benchmark bond yield near its lowest level in 10 weeks, also forced down by hopes the Federal Reserve will start slowing the pace of its interest rate rises as inflation cools.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China reports another daily record of COVID cases as protests ripple across ChinaChina reported a fifth straight daily record of 40,347 new COVID-19 infections on Nov. 27, of which 3,822 were symptomatic and 36,525 were asymptomatic, the National Health Commission said on Monday.
Read more »
China discovered rare dinosaur embryos from 66 million years agoA new dinosaur embryo fossil has been uncovered in China's southern Jiangxi province.
Read more »
Taiwan votes in local elections billed as message for China and the world | CNNPolls opened in Taiwan on Saturday in local elections that President Tsai Ing-wen has framed as being about sending a message to the world about the island's determination to defend its democracy in the face of China's rising bellicosity.
Read more »
Vatican says China violated pact on bishops, expresses regretThe Vatican on Saturday accused Chinese authorities of violating a bilateral pact on the appointment of bishops by installing one in a diocese not recognised by the Holy See.
Read more »
Videos show huge protests in China as Xi Jinping comes under pressureThe country was already experiencing unrest among Foxconn workers, with thousands of employees resigning over delayed bonuses and poor conditions.
Read more »
Protests erupt in China over COVID lockdown restrictionsPublic outrage over new COVID lockdown restrictions has fueled rare protests within China, with residents demanding the government to lift restrictions ahead of schedule. Crowds marched on the streets, chanting 'End the lockdown!'
Read more »