Stocks fell Monday on fears that the Federal Reserve may continue tightening until it steers the economy into a recession.

MORNING SQUAWK APAC Monday December 05 2022 AS OF TUE, DEC 06, 2022 • 09:00 ET S&P 500 Close 3,998.84 -1.79% -72.86 S&P 500 Futures 4,012.25 +0.22% +9.00 10-Year Treasury 3.568% 0.00% -0.031 Dow sheds nearly 500 points, stocks finish lower on worries of further Fed rate hikes Stocks fell Monday on fears that the Federal Reserve may continue tightening until it steers the economy into a recession.   More » Asia-Pacific markets fall after Wall Street slips; Australia's rate decision ahead Shares in the Asia-Pacific fell on Tuesday after Wall Street sold off overnight on fears that the Fed will keep increasing interest rates. More » iPhone maker Foxconn reports slump in revenue after unrest and Covid outbreak at key China plant Foxconn reported a slide in November revenue, with a "portion of shipments being impacted" by the Covid outbreak in Zhengzhou, where it makes iPhones. More » OPEC+ agrees to stick to its existing policy of reducing oil production ahead of Russia sanctions Oil prices have fallen to roughly $87 a barrel from more than $120 in early June ahead of potentially disruptive sanctions on Russian oil More » Morgan Stanley turns bullish on China stocks, giving them serious upside potential Morgan Stanley gives two Chinese stocks potential upside of around 130%. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in SIN/HK 09:30 Liu Gang Managing Director and Strategist, CICC Research China Markets 09:40 Rob Thummel Portfolio Manager and Managing Director, Tortoise Russian Oil Sanctions 11:30 Jason Teh Chief Investment Officer, Vertium Asset Management AUS Markets Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS