Stocks mostly lower, dragged down by airlines shares

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Stocks were mostly lower on Tuesday after the long holiday weekend, dragged lower by airline stocks which were battered by the bad weather. Investors had earlier in the day been positive on the market after China lifted some of its COVID-19 restrictions.

The S&P 500 index was down 0.2% as of 12:40 p.m. ET, the Dow Jones Industrial Average was up 0.3% and the technology-heavy Nasdaq composite was down 0.9%. The Russell 2000 index of small companies was down 0.2% as well.

China's National Health Commission said Monday that passengers arriving from abroad will no longer have to observe a quarantine, starting Jan. 8. They will still need a negative virus test within 48 hours of their departure and to wear masks on their flights. "With economic activity floundering, and multinationals questioning the viability of China as a sourcing location, policymakers have -- as so many times in the past -- adopted a very business-like approach," Stephen Innes of SPI Asset Management said in a commentary.China has joined other countries in treating cases instead of trying to stamp out infections. It has dropped or eased rules on testing, quarantines and movement, trying to reverse an economic slump.

 

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why did u use this pic it is obviously of someplace in asia this is a trend i have seen

What's with the masked people?

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