Wall St weighed down by energy shares, China curbs; Disney supports Dow

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Reuters

By Ankika Biswas and Shreyashi Sanyal (Reuters) – Wall Street’s main indexes began the week on a dull note on Monday due to curbs in China and losses in energy stocks following a report of a likely increase in oil output, while gains in Disney helped ease the pressure on the Dow. The S&P 500 energy sector index tumbled 4% to its lowest level in four weeks as oil prices slid more than 5% after the Wall Street Journal reported Saudi Arabia and other OPEC oil producers are discussing an output increase.[O/R] Global markets were also spooked by a surge in COVID cases in China as the world’s second…

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