Futures Fall On China Concerns; Why You Should Be Cautiou

Dow Jones futures fell Monday morning, along with S&P 500 futures and Nasdaq futures with rising China Covid infections, lockdowns and protests in focus. Chinese e-commerce giant Pinduoduo (PDD) jumped early Monday on better-than-expected third-quarter results. The stock market rally had solid gains in the holiday-shortened Thanksgiving week. Several economic reports loom next week, including the November jobs report, key for Fed rate expectations. The Biden administration eased Venezuela oil sanctions, letting Chevron produce crude in the country for the next six months and export it to the U.S. Crude prices fell 3% to a 2022 low on China concerns and Chevron set to pump crude in Venezuela. The 10-year Treasury yield declined 3 . . .