Stock Market Today-4/25: Stocks Slump On China Covid Concerns, Fed Rate Hike Bets

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The Street

By Martin Baccardax The S&P; 500, which lost 5% in a peak-to-trough slump at the end of last week, is set for further declines Monday amid a broad retreat from global risk markets. U.S. equity futures slumped lower Monday, while the dollar soared and oil prices retreated sharply, as investors pulled back from risk markets amid a renewal of Covid restrictions in China and concerns over the impact on consumer demand from the Federal Reserve’s hawkish inflation stance. Officials in China ordered millions of residents in the capital of Beijing for mandatory testing over the weekend as infections s…

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