Stocks closed lower Monday as rising unrest in China over the nation's restrictive COVID policies weighed on Wall Street. The Dow Jones Industrial Average dropped nearly 500 points, while the S&P 500 and Nasdaq Composite fell about 1.5% each.
Here's how the market settled on Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
Monday's sell-off was driven by widespread protests across China's major cities over the weekend in response to the nation's "Zero-COVID" policy. The country recently tightened COVID as cases spiked.
West Texas Intermediate
Apple
On the retail front, top retail stocks like Amazon
Elsewhere, the cryptocurrency market is continuing to feel the impacts of FTX's collapse, as crypto finance firm BlockFi filed for bankruptcy on Monday.
"With the collapse of FTX, the BlockFi management team and board of directors immediately took action to protect clients and the Company," said Mark Renzi of Berkeley Research Group, BlockFi's financial advisor, in a statement.
Heading into the week, market participants are gearing up for a slew of economic data reports as November comes to an end. Key releases include Thursday's personal consumption expenditures report -- an important inflation gauge for the Federal Reserve -- and Friday's November jobs report.
Moveover, Wall Street will watch speeches from Fed Chair Jerome Powell and other central bank officials this week for clues on the Fed's next moves for its monetary policy as inflation shows some signs of easing. The Fed will issue its final interest rate hike of the year at the conclusion of its two-day December meeting.