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U.S. stocks close down, kicking week off with losses amid growth concerns

42889 us stocks close down kicking week off with losses amid growth concerns

U.S. stocks ended lower Monday, as China’s latest restrictions aimed at curbing the spread of COVID-19 added to global growth concerns. The Dow Jones Industrial Average DJIA, -0.52% closed about 0.5% lower, while the S&P 500 SPX, -1.15% fell more than 1% and the Nasdaq Composite COMP, -2.26% dropped about 2.3%, according to preliminary FactSet data. Utilities and real estate were the sectors of the S&P 500 to book gains, while communication services and consumer discretionary saw the biggest losses in the index. Utilities gained around 0.6% Monday, while real estate eked out a gain of less than 0.1%.

Source: Marketwatch

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