Salem Radio Network News Saturday, December 4, 2021


Wall St opens lower on slowing China growth, inflation worries

(Reuters) – Wall Street’s main indexes opened lower on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation.

The Dow Jones Industrial Average fell 73.74 points, or 0.21%, at the open to 35,221.02. The S&P 500 opened lower by 7.65 points, or 0.17%, at 4,463.72, while the Nasdaq Composite dropped 57.60 points, or 0.39%, to 14,839.74 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur)


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