Beijing Lockdowns , Spook Investors , as US Stocks Drop.<br />Beijing Lockdowns , Spook Investors , as US Stocks Drop.<br />Al Jazeera reports that the price of stocks and commodities dropped amid fears over China's COVID lockdowns and faster Federal Reserve tightening.<br />Al Jazeera reports that the price of stocks and commodities dropped amid fears over China's COVID lockdowns and faster Federal Reserve tightening.<br />Both the S&P 500 and Nasdaq 100 <br />tumbled ahead of a big week for Big Tech. .<br />Miners and energy firms<br />reportedly took the brunt of the <br />Stoxx 600 Europe Index also dropping.<br />Meanwhile, West Texas Intermediate <br />futures dropped over 5% to trade <br />below $98 a barrel.<br />This week may easily be a fork<br />in the road of equities. We have <br />nearly a third of the S&P 500 and <br />half of the Dow Jones set to report, JC O’Hara, chief market technician <br />at MKM Partners, via Al Jazeera.<br />Bottom-up drivers will either<br />confirm or reject what the challenging <br />macro backdrop has given us <br />over the last three weeks, JC O’Hara, chief market technician <br />at MKM Partners, via Al Jazeera.<br />According to Al Jazeera, <br />widening lockdowns in China have<br />stoked fears of another global shutdown. .<br />Chinese stocks fell to their lowest point<br />in almost two years as lawmakers shut down areas <br />of Beijing amid the country's COVID-zero policy. .<br />Chinese stocks fell to their lowest point<br />in almost two years as lawmakers shut down areas <br />of Beijing amid the country's COVID-zero policy. .<br />China’s central bank cut the amount <br />of money that banks need to have <br />in reserve for their foreign-currency holdings.<br />The lowered reserve prompted <br />the yuan to walk back recent losses.<br />Meanwhle, Al Jazeera reports that <br />the U.S. Federal Reserve outlined a new <br />approach to reining in surging prices.<br />The European Central Bank <br />also signaled increased tightening
