Stock Market Today: Stocks Dip, Dollar Weakens On Recession Risks


U.S. equity futures drifted lower Monday, while the dollar extended declines against its global peers, as investors faded bets on easing Covid restrictions in China and focused on the prospect of near-term recession in the world’s biggest economy.

Multiple reports overnight have noted a modest easing of various pandemic-era rules in China, with cities across the country removing demands for negative Covid tests to use public transport and re-opening malls, parks and movie theatres in the wake of rate public unrest in the world’s second-largest economy late last month.

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