US stocks move lower on weak China data, Greece worries
NEW YORK (AP) — U.S. stocks are moving lower, following declines in overseas markets on weak Chinese trade data and more worries about Greece’s finances.
The Dow Jones industrial average fell 48 points, or 0.3 percent, to 17,776 as of 11:45 a.m. Eastern time Monday.
The Standard & Poor’s 500 index lost two points, or 0.1 percent, to 2,053. The Nasdaq composite fell three points, or 0.1 percent, to 4,741.
McDonald’s fell 1 percent after the company reported that a key measure of global sales shrank last month.
Energy stocks rose as the price of oil jumped 3 percent.
European markets fell broadly after Greece’s new prime minister said he would seek to renegotiate the country’s financial rescue package.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.93 percent.