Stocks fall and oil prices sink as storm clouds gather – CNN

https://www.cnn.com/2021/12/20/investing/markets-stocks-oil/index.html

London(CNN Business)Investors hoping for an easy Christmas week could be sorely disappointed as stocks and oil prices slid in the face of growing threats to the global economy.

The Dow fell more than 650 points, or 1.9%, in late morning trading Monday. The S&P 500 was down 1.8% while the tech-heavy Nasdaq dropped 1.8% too.

Benchmark Brent crude prices were down more than 3% to below $71 a barrel. Major stock market indexes in Europe also fell by about 1%. Most Asian markets suffered bigger drops, although the Shanghai Composite fared slightly better, drawing modest support from a Chinese interest rate cut.


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