Mexican Peso Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) today is down -0.56%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.26%.
Stocks this morning are moderately lower on concern a worsening pandemic in China will prompt the government to tighten lockdowns and restrictions, undermining the prospects for global growth. Sporadic nationwide protests in China have broken out in the past several days over the government’s strict Covid Zero policies. China reported a record 38,808 new Covid infections on Sunday.
Also, a fall of more than -1% in Apple today is weighing on technology stocks after a Bloomberg report said that lockdowns and turmoil at a key Chinese factory could lead to a production shortfall of close to 6 million iPhone Pro units this year.
In addition, energy stocks are moving lower today, with WTI crude down more than -2% at an 11-month low on global energy demand concerns.<... Read more