S&P 500, Nasdaq close lower for a second day as investors weigh outlook for higher interest rates; European markets close lower as investors monitor geopolitics and UK budget; European markets start week muted as investors gauge economic outlook 
Stocks fell Monday in a volatile session to start a short trading week due to the Thanksgiving holiday. Fears that China may again ramp up Covid restrictions after reporting deaths from the virus weighed on markets, sending energy stocks and oil prices lower. Traders also looked for further signals from the Federal Reserve about future interest rate hikes. 
The S&P 500 shed 0.39% to 3,949.94, and the Nasdaq Composite fell 1.09% to end the day at 11,024.51. The Dow Jones Industrial Average fell 45.41 points, or 0.13%, to 33,700.28, though losses on the index were mitigated by a jump in Disney shares. Disney jumped after the company announced that former CEO Bob Iger would replace Bob Chapek. 
Zoom, the pandemic darling slid 4.4% after giving a weak outlook for the fourth quarter despite topping expectations for earnings and revenue. 
Dell, the technology company popped as much as 6% after it beat anticipated revenue and earnings per share in its third quarter. 

The pan-European Stoxx 600 provisionally closed flat on the previous session, with oil and gas stocks falling 2.6% to lead losses while food and beverage stocks gained 1.3%. 
Source: CNBC, Investing.com