Wall Street falls as China prompts global slowdown worries

Wall Street falls as China prompts global slowdown worries

U.S. stock futures dropped on Monday, after data showed China's exports unexpectedly shrank the most in two years, raising fears of a sharper slowdown in global economic growth and its impact on corporate profits.

Traders work on the floor of the NYSE in New York
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid

REUTERS: U.S. stocks declined on Monday as an unexpected drop in China's exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off.

The Dow Jones Industrial Average fell 87.4 points, or 0.36 percent, to 23,908.55, the S&P 500 lost 13.88 points, or 0.53 percent, to 2,582.38 and the Nasdaq Composite dropped 65.56 points, or 0.94 percent, to 6,905.92.

(Reporting by April Joyner; Editing by James Dalgleish)

Source: Reuters

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