Business Standard

Wall St slips as banks, energy stocks weigh; Tesla up on stock-split plans

Oil prices tumble on concerns of weaker Chinese demand

Wall Street

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U.S. stock indexes slid on Monday, dragged lower by Apple, energy and bank shares, ahead of the first face-to-face peace talks between Ukraine and Russia in more than two weeks. Oil majors Exxon and Chevron fell over 2% each, after crude prices tumbled more than 7% on rising fears about weaker fuel demand in China due to a surge in Covid-19 infections.
Apple Inc slipped 0.6%, weighing the most on the S&P 500 and the Nasdaq indexes, after a report said the company was planning to cut iPhone and AirPod output as rising inflation starts to weigh on demand for

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 28 2022 | 8:30 PM IST

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