Summary Box: US stocks lower on China worries

AP News
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Posted: Mar 22, 2012 4:53 PM
Summary Box: US stocks lower on China worries

CHINA SLOWS: A report from China suggested that manufacturing is slowing there. Worries about lower demand for oil pushed the price of crude down 2 percent, which hurt oil stocks. Alpha Natural Resources, Consol Energy, and Noble Energy were all down 4 percent.

U.S. GROWS: The number of Americans seeking unemployment benefits fell 5,000 to a four-year low last week. Another measure of future economic activity, the Conference Board's index of leading economic indicators, rose in February for the fifth straight month.

IPOS ROSE: It was a good day for IPOs. Payment processor Vantiv Inc. soared 14.7 percent, while email marketer ExactTarget Inc. rocketed up 32 percent on their first day of trading.