Stocks Extend Losses As China, Oil and Slowing U.S. Manufacturing Weighs
Stocks were lower for a second day as worries over China's economy, declining energy prices, and disappointing U.S. manufacturing data weighed on Wall Street. The Dow Jones Industrial Average lost more than 100 points and spent its seventh consecutive day below its 200-day moving average. The Nasdaq Composite, which struggled to hold onto modest gains throughout the day, finally capitulated to broad-based pressure on equities and slipped into negative territory after Standard & Poor's announced that it lowered its outlook on European debt to negative from stable.
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