US stocks fall as China's COVID surge sparks oil demand fears and sends energy sector lower

Dec 28 2022 by Business Insider

 
Wall Street has been hit by a brutal market sell-off this year.

Spencer Platt/Getty Images

US stocks closed down on Wednesday after extending losses late in the trading session.  The Nasdaq led the market decline while, the energy sector was the biggest loser on the S&P 500. Oil prices dropped as investors grew worried over the resurgence of COVID-19 infections in China.

US stocks ended lower on Wednesday after extending losses late in the trading session, as oil prices dropped on fears of...

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