US stocks slide on global economic worries

AP News
Posted: Dec 18, 2015 9:44 AM
US stocks slide on global economic worries

NEW YORK (AP) — U.S. stocks were trading lower across all sectors in early trading as investors continue to worry about global economic growth.

Shippers Ryder System, J.B. Hunt, and C.H. Robinson all fell sharply Friday, reflecting concern that tepid economic growth will reduce trade volume. Boeing and American Airlines were also lower.

Used car dealership chain CarMax disclosed disappointing quarterly results, as its profit and sales both fell short of analyst projections.

The Dow Jones industrial average was down 139 points, or 0.8 percent, to 17,357 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index fell 14 points, or 0.7 percent, to 2,028. The Nasdaq composite lost 21 points, or 0.4 percent, to 4,981.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.21 percent.