- Stocks fell sharply Monday after weaker-than-expected economic data and earnings added to fears about a slowdown in China.
- Wall Street had rallied Friday after the longest shutdown on record ended.
- Watch stocks trade in real time here.
Stocks fell Monday after another round of dismal economic data from China, adding to long-standing fears about slowing growth in the second-largest economy and around the world.
China’s government said industrial earnings shrank for a second month in December, underscoring weakening factory activity and demand in the country.
Not helping the mood, industrial bellwether Caterpillar reported earningsand guidance on that missed analyst estimates and warned of waning Chinese demand. Nvidia, the chipmaker, also cited weakness in China as it lowered its fourth-quarter guidance Monday.
The Dow Jones Industrial Average fell 1.4%, or about 350 points. The S&P 500 shed 1.1%, and the Nasdaq Composite lost 1.6%.
Stocks had rallied Friday after the longest government shutdown on record temporarily ended, with President Donald Trump backing down from vows to keep a fourth of federal agencies shuttered until his border wall was funded.
But the deal only reopens the government through…
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