Stocks fell broadly on Wall Street as protests spread across China calling for President Xi Jinping to step down amid growing anger over tough restrictions imposed as part of his “zero COVID” strategy in the world’s second-largest economy.
The S&P 500, Dow Jones Industrial Average and Nasdaq were all down. Small-cap stocks fell more than the rest of the market. Technology companies had the most weight in the broader market.
Markets will get another important piece of economic data later this week when the Labor Department releases its monthly jobs report.
On Monday:
The S&P 500 fell 62.18 points, or less than 1.5%, to 3,963.94.
The Dow Jones Industrial Average fell 497.57 points, or 1.4%, to 33,849.46.
The Nasdaq fell 176.86 points, or 1.6%, to 11,049.50.
The Russell 2000 index of smaller companies fell 38.23 points, or 2%, to 1,830.96.
During the year:
The S&P 500 index fell 802.24 points, or 16.8%.
The Dow fell 2,488.84 points, or 6.8%.
The Nasdaq fell 4,595.47 points, or 29.4%.
The Russell 2000 fell 414.35 points, or 18.5%.
