Investing.com - Soft Chinese trade numbers and concerns the
Ukraine crisis remains in a standoff that could escalate sent stock
prices edging lower on Monday.
At the close of U.S. trading, the Dow Jones Industrial Average
fell 0.21%, the S&P 500 index fell 0.05%, while the Nasdaq
Composite index fell 0.04%.
Weak Chinese trade data sent stocks edging lower on Monday.
Data released over the weekend showed that Chinese exports fell
18.1% on-year in February, defying expectations for a 6.8%
increase, following a rise of 10.6% in January.
A separate report showed that the annual rate of inflation in
China slowed to 2.0% in February, from 2.5% in January.
The numbers confirmed market concerns that emerging markets are
cooling which sent investors ditching stocks for safe-harbor asset
Ongoing geopolitical tensions in Ukraine also helped push stocks
Russia remains at odds with the West on how to end the standoff
in Ukraine, while U.S. Secretary of State John Kerry declined an
invitation to visit Russia for further discussions.
Friday's better-than-expected February jobs report cushioned
The Bureau of Labor Statistics reported Friday that the U.S.
economy added 175,000 jobs in February, beating expectations for a
January's figure was revised up to 129,000 from 113,000.
Boeing shares took a hit after a 777-200 plane disappeared with
239 passengers during a Malaysia Airlines flight to Beijing on
On Friday, the company had said that "hairline cracks" had been
found in the wings of roughly 40 787 Dreamliners currently in
McDonald's shares fell slightly after the company reported a
larger-than-expected decline in comparable global sales at
established restaurants in February.
Leading Dow Jones Industrial Average performers included Intel,
up 0.86%, Chevron, up 0.66%, and UnitedHealth, up 0.63%.
The Dow Jones Industrial Average's worst performers included
Boeing, down 1.26%, IBM, down 0.68%, and Nike down 0.60%.
European indices, meanwhile, finished largely lower.
After the close of European trade, the EURO STOXX 50 fell 0.11%,
France's CAC 40 rose 0.10%, while Germany's DAX 30 fell 0.91%.
Meanwhile, in the U.K. the FTSE 100 fell 0.35%.
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