Markets

Stocks Slide After Two Days of Gains; Energy, Commodity Companies Lead Declines After Chinese Data Fuels More Worries Over Global Growth

Stocks drifted lower Monday, giving in to moderate profit-taking after finishing their best week in nearly two months last week as investors positioned themselves for results from the Federal Open Market Committee later this week. Nine of the 10 industry sectors in the S&P 500 declined, led by shares of energy and other commodity companies following another round of weak economic data from China overnight. Consumer discretionary stocks also slumped today as the U.S. markets weighed the potential impact of a global slowdown on U.S. growth.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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