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US STOCKS-Wall Street dips as growth shares offset energy gains

November 30, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Wall Street's main indexes fell on Tuesday as growth stocks extended declines, overshadowing a rise in energy shares after oil prices pared back gains on OPEC+ output concerns. Market participants also focused on recent protests in China amid hopes that it could lead to a quicker easing of COVID-19 curbs by its government. "China is a mixed picture because the protests create uncertainty, but at the same time, could be a catalyst for eventually a loosening in COVID policy," said Carl Ludwigson, managing director at Bel Air. Gains in growth stocks earlier in the day proved short-lived, while U.S. Treasury...
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