News Snapshot:
U.S. stocks edged lower Monday as Wall Street barreled into a holiday-shortened trading week. Equity and bond markets will be closed for Thanksgiving on Thursday and end trading at 1 p.m. ET on Friday. The S&P 500 (^GSPC) sank 0.6%, while the Dow Jones Industrial Average (^DJI) shed roughly 100 points, or 0.3%. The technology-heavy Nasdaq Composite (^IXIC) declined 0.9%. Oil extended losses following reports Saudi Arabia and other OPEC countries are discussing an output increase. A series of COVID-related deaths in China also resurfaced fears the country may implement fresh restriction to mitigate recent outbreaks. Both events spurred concerns...
