U.S. stocks slightly fell on Monday as weak Chinese economic data exacerbated concerns about a global slowdown and oil prices resumed their slide. The data from China showed that the world's second-largest economy's manufacturing sector contracted in January at the fastest pace since 2012. Oil prices fell about 5% after the China data added to worries about demand and an OPEC source played down talk of an emergency meeting to stem the decline. Oil prices have fallen more than 70% since mid-2014. Adding to the cautious note, data on Monday showed that U.S. consumer spending was unchanged in December and manufacturing activity continued to contract in January.
Most of Dow stocks in negative area (18 of 30). Top looser - Exxon Mobil Corporation (XOM, -2,40%). Top gainer - NIKE, Inc. (NKE, +1,53%).
Almost all S&P sectors in negative area. Top looser - Basic Materials (-2,1%). Top gainer - Utilities (+0,9%).
At the moment:
Dow 16334.00 -22.00 -0.13%
S&P 500 1926.75 -3.25 -0.17%
Nasdaq 100 4265.00 +2.00 +0.05%
Oil 31.96 -1.66 -4.94%
Gold 1125.20 +8.80 +0.79%
U.S. 10yr 1.96 +0.03