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Wall St. falls more than 1 percent on global growth fears

2015-11-09 0 Dailymotion

U.S. stock indexes fell 1 percent in late morning trading on Monday, their biggest fall in six weeks, as weak Chinese trade data and a cut in the OECD's global growth forecast sparked fears about a global economic slowdown.<br />The selloff was broad based, with all the 10 major S&P sectors in the red, led by a decline in consumer discretionary and energy stocks.<br />Data from China, one of the one of the U.S.'s biggest trade partners, showed a fall in exports and imports in October left it with a record high trade surplus.<br />U.S. stocks have largely brushed off concerns about the global economy and have ended higher for six weeks in a row, buoyed by better-than-expected corporate results and signs of a strengthening domestic economy.

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