Key Takeaways
- Oil Prices Surging
- Chinese Economy Weakening
- Resurgent IPO Market
A jump in crude oil prices and further weakening in China sent stocks lower to kick off the holiday shortened week. The S&P 500 lost 0.4% while the Nasdaq Composite was down 0.1%. Higher oil prices could be cause for concern, especially in an inflationary environment that seemed to be coming under control.
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