U.S. stocks wobbled in early trading, as elevated energy prices exacerbated concerns about inflation, and lingering worries about China’s property sector weighed on sentiment.
The Dow Jones Industrial Average remained relatively flat. The S&P 500 declined less than 0.1%, dragged down by financials and communications. The tech-heavy Nasdaq also lost 0.1%.
Stock indexes have been dragged lower in choppy trading in recent weeks. Investors are contending with an energy crunch that threatens to add to inflationary pressures just as signs emerge that global economic growth is slowing.
Concerns about China’s struggling real-estate sector continued. Two board members of embattled developer Fantasia resigned, days after the company failed to make a $206 million bond payment. Its troubles add to worries that China’s property sector difficulties extend beyond Evergrande, whose…