NEW YORK (Reuters) – The New York Stock Exchange ended lower on Monday on concerns about the resurgence of the COVID-19 epidemic in China and its potential fallout on demand and production.
The Dow Jones index fell 0.13%, or 45.41 points, to 33,700.28 points.
The broader S&P-500 fell 15.4 points, or 0.39%, to 3,949.94 points.
The Nasdaq Composite fell more sharply from 121.55 points (-1.09%) to 11,024.51 points.
Faced with a new wave of COVID-19 infections, schools closed Monday in Beijing, while the city of Guangzhou confined its most populous district, undermining the recent relaxation by the authorities of the policy of “zero- covid”.
“There is a real concern that the slowdown in the Chinese economy will affect US economic activity,” said Hugh Johnson, economist at Hugh Johnson Economics.
Casino operators exposed to China like Wynn Resorts, Las Vegas Sands, MGM Resorts International and Melco Resorts & Entertainment lost 2.1% to 8.2%.
New York-listed Chinese groups such as Pinduoduo, Alibaba, JD.com and Bilibili fell 3.6% to 8.1%.
In the rare satisfactions on Wall Street, Walt Disney jumped 6.28% following the announcement of the return with immediate effect of its former CEO, Bob Iger, and the resignation of Bob Chapek, who had succeeded him. at the head of the group in February 2020.
On the other hand, Tesla lost 6.83% after announcing on Saturday the recall of 321,000 vehicles in the United States for a taillight problem.
In the absence of economic indicators this week, markets are looking to the minutes of the last US Federal Reserve meeting to be released on Wednesday as the week will be cut short due to Thanksgiving on Thursday.
* The reminder of the session in Europe: [.EUFR]
(Report by Carolina Mandl, French version Tangi Salaün)
Copyright © 2022 Thomson Reuters