STOCK MARKET NEWS: US markets lower, BOA economist sees ‘mild’ recession, gas, oil, crypto down

SymbolPriceChange%ChangeI:DJI$33,761.05424.381.27SP500$4,280.1572.881.73I:COMP$13,047.19267.272.09U.S. stocks were lower early Monday morning after The People’s Bank of China cut its rate on a one-year loan to 2.75% from 2.85% and injected an extra 400 billion yuan ($60 billion) in lending markets after government data showed July factory output and retail sales weakened. Stocks in the U.S. rose Friday with major indexes…