U.S. stocks descended Monday morning as unrest in China over the nation's restrictive COVID controls weighed on global sentiment and Wall Street returned from a holiday weekend.
XP Investimentos is a Brazilian success story that has gone astray. The online brokerage’s share price jumped almost 30 per cent to $34.50 at its debut on the Nasdaq exchange in December 2019. The Nasdaq Composite has risen 30 per cent during XP’s lifetime, while XP has lost half its opening day value.
U.S. investors returning from a holiday weekend will face a deluge of economic data in the week ahead as Wall Street heads into the final month of 2022.