U.S. Stocks Fall as China Factory Data, Black Friday Disappoint

U.S. stocks declined, sending benchmark indexes lower for a second day, as data showed Chinese manufacturing slowed last month and fewer shoppers showed up for Black Friday sales events.

The Standard & Poor’s 500 Index fell 0.3 percent to 2,060.96 at 9:32 a.m. in New York.

The S&P 500 climbed 2.5 percent in November, rising for a second month, as global central banks added stimulus, and data showed the U.S. economic recovery remained intact. The S&P 500 closed at an all-time high on Nov. 26.

A measure of energy-related stocks in the S&P 500 slid 9.5 percent last week, the most since September 2011, as oil slumped after the Organization of Petroleum Exporting Countries decided to keep its output limit unchanged. Oil has collapsed into a bear market as the U.S. pumps crude at the fastest rate in three decades while global demand growth slows.

Oil prices reversed earlier declines today, with West Texas Intermediate rebounding 0.9 percent after plunging 3.7 percent.

Source : Bloomberg

MARKET

U.S. Stocks Fall as China Factory Data, Black Friday Disappoint

U.S. stocks declined, sending benchmark indexes lower for a second day, as data showed Chinese manufacturing slowed last month and fewer shoppers showed up for Black Friday sales events.

The Standard & Poor’s 500 Index fell 0.3 percent to 2,060.96 at 9:32 a.m. in New York.

The S&P 500 climbed 2.5 percent in November, rising for a second month, as global central banks added stimulus, and data showed the U.S. economic recovery remained intact. The S&P 500 closed at an all-time high on Nov. 26.

A measure of energy-related stocks in the S&P 500 slid 9.5 percent last week, the most since September 2011, as oil slumped after the Organization of Petroleum Exporting Countries decided to keep its output limit unchanged. Oil has collapsed into a bear market as the U.S. pumps crude at the fastest rate in three decades while global demand growth slows.

Oil prices reversed earlier declines today, with West Texas Intermediate rebounding 0.9 percent after plunging 3.7 percent.

Source : Bloomberg

MARKET