(Image by Oleg Gamulinskiy from Pixabay)
(CNBC) -- Stocks fell Monday as social unrest from China’s prolonged Covid restrictions weighed on markets.
The Dow Jones Industrial Average lost 497 points, or 1.5%. The S&P 500 and Nasdaq Composite shed 1.5% and 1.6%, respectively.
WND is now on Trump's Truth Social! Follow us @WNDNews
Over the weekend, demonstrations broke out in mainland China as people vented their frustrations with Beijing’s zero-Covid policy. Local governments tightened Covid controls as cases surged, even though earlier this month Beijing adjusted some policies that suggested the world’s second-biggest economy was on its way to reopening.
The post Dow drops nearly 500 points as supply-chain concerns mount amid China protests appeared first on WND.
