Economic worries caused a gloomy mood on Wall Street at the close of the market

new York After disappointing economic data from China, US investors have not dared to come out of the cover. The Dow Jones gained 0.1 percent on Monday to 32,223 points. Meanwhile, the tech-heavy Nasdaq fell 1.2 percent to 11,663 points and the broader S&P 500 fell 0.4 percent to 4,008 points.

“We are clearly not out of the woods as far as the economy is concerned. Inflation doesn’t seem to have peaked yet, so we can retest the lows and potentially drop even further,” said Robert Pavlik, portfolio manager at Dakota Wealth Management. After a week of losses on the stock market, US investors plucked up courage on Friday and bought shares vigorously.