Morning Report 22 Nov 22: US sharemarkets fell on Monday

Investors worried that China may again ramp up Covid restrictions after reporting several deaths over the weekend. Shares of casino operator Las Vegas Sands dipped 2.9%. The S&P 500 energy sector index slid 1.4% as crude oil prices tumbled on reports that Saudi Arabia and other OPEC oil producers were discussing an output increase. Tesla shares dipped 6.8% following a US vehicle recall. But Walt Disney shares jumped 6.3% after announcing the return of Bob Iger as chief executive officer. At the close of trade, the Dow Jones index was 45 points or 0.1% lower. The S&P 500 index dropped 0.4% and the Nasdaq index shed 122 points or 1.1%.

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