The U.S. index futures are pointing to a lower start for Wall Street stocks on Monday, as the upward momentum built over the last week falters amid geopolitical tensions. Follow
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U.S. stocks advanced in the holiday-shortened week that ended Nov. 25 as traders returned to buying ways encouraged by the less-hawkish minutes of the November Fed meeting. The 30-stock Dow Industrials average has been an outperformer and is now perched at its highest level in more than three months.
Stocks in the Asia-Pacific region wilted Monday in reaction to the skirmish in China over the COVID-19 restrictions. The retreat was led by Hong Kong’s Hang Seng Index, which was down 1.57% at the close. The Indian market bucked the downtrend with a moderate gain, while the Malaysian market remained closed on account of a public holiday.
European stocks opened Monday’s session lower and fell further in early trading in reaction to the geopolitical tensions arising from the situation in China. Find more...