US stocks falter on weak China data, Greece worries
Traders work on the floor at the New York Stock Exchange in New York, Monday, Feb. 9, 2015. U.S. stocks are opening lower, following declines in overseas markets on weak Chinese trade data and more worries about Greece’s finances. AP
NEW YORK, United States — U.S. stocks are closing lower on weak Chinese trade data and more worries about Greece’s finances.
The Dow Jones industrial average fell 95 points, or 0.5 percent, to 17,729 on Monday.
The Standard & Poor’s 500 index lost eight points, or 0.4 percent, to 2,046. The Nasdaq composite fell 18 points, or 0.4 percent, to 4,726.
McDonald’s fell 1.4 percent after the company reported that a key measure of global sales shrank last month.
Energy stocks bucked the downward trend, edging slightly higher as investors responded to a 2 percent increase in the price of oil. The other nine sectors in the S&P 500 index ended lower.
Bond prices rose slightly. The yield on the 10-year Treasury note fell to 1.95 percent.
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