Stocks close lower to begin holiday week, Disney shares jump 6%

Julie Andrews applying soot to her face in "Mary Poppins" (Courtesy Disney)

Julie Andrews applying soot to her face in "Mary Poppins" (Courtesy Disney)

(CNBC) -- Stocks fell Monday in a volatile session to start a short trading week due to the Thanksgiving holiday.

Fears that China may again ramp up Covid restrictions after reporting deaths from the virus weighed on markets, sending energy stocks and oil prices lower. Traders also looked for further signals from the Federal Reserve about future interest rate hikes.

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The S&P 500 shed 0.39% to 3,949.94, and the Nasdaq Composite fell 1.09% to end the day at 11,024.51. The Dow Jones Industrial Average fell 45.41 points, or 0.13%, to 33,700.28, though losses on the index were mitigated by a jump in Disney shares.

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