EGRNF - Stocks Lose Ground On China Economy: What Moved Markets This Week

Stocks are due for another losing week, their second straight, as concerns about China and supply chain issues weigh on investor sentiment. At the time of this writing (3pm EDT on Friday) the Nasdaq (COMP.IND) is down about 0.7% for the week, with the S&P 500 (SPY) off about 0.7%, and Dow Industrials (DJI) about 0.6% lower. Winners & Losers Energy stocks did well, with the Energy Select Sector SPDR ETF (XLE) gaining almost 4% as U.S. inventories showed a larger than expected crude oil draw. SM Energy (SM) was one of the biggest gainers, adding 14% WoW. Range Resources (RRC) rallied by 13%. Other winners included EOG Resources (EOG), Diamondback Energy (FANG), Occidental Petroleum (OXY), Marathon Oil (MRO), and Devon Energy (DVN). China weighed on stocks. Most of the attention was focused on Evergrande (EGRNY, EGRNF) as the country's second-largest real estate developer suffered ratings downgrades and said it

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Stocks Lose Ground On China, Economy: What Moved Markets This Week