US stocks fall as China weighs on markets

AP News
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Posted: Sep 22, 2014 4:12 PM
US stocks fall as China weighs on markets

NEW YORK (AP) — Worries about growth in China and a slide in the price of oil pushed the stock market to its biggest loss in almost seven weeks.

Investors are nervous about China following soft economic data that suggests the world's second-largest economy is slowing down.

Energy stocks had some of the biggest declines as the price of oil fell.

The Standard & Poor's 500 dropped 16 points, or 0.8 percent, to close at 1,994 Monday.

The Dow Jones industrial average fell 107 points, or 0.6 percent, to 17,172. The Nasdaq dropped 52 points, or 1.1 percent, to 4,527.

Home builder stocks fell after an industry group reported that sales of previously occupied homes fell 1.8 percent last month.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.56 percent.