US stock market slips in midday trading after discouraging news on Chinese exports
U.S. stocks are moving lower in midday trading following disappointing economic news from China and Japan.
The Standard & Poor's 500 index fell five points, or 0.3 per cent, to 1,872 as of noon Eastern time Monday.
The Dow Jones industrial average lost 76 points, or 0.5 per cent, to 16,375. The Nasdaq composite fell 11 points, or 0.3 per cent, to 4,324.
Investors were discouraged by an 18 per cent slump in Chinese exports last month, the latest sign of trouble for the world's second-largest economy. Japan lowered its estimate for fourth-quarter economic growth.
In the U.S., Chiquita Brands jumped 12 per cent after announcing it had agreed to combine with an Irish fruit supply company.
In bond trading, the yield on the 10-year Treasury note held steady at 2.79 per cent.
Read more Business News
- Zimmermann bows outKelowna - 3:12 pm
- Fire spooks localsPenticton / S. Okanagan - 6:00 pm
- Rogue grass cutters hit Dr KnoxKelowna - 5:00 pm
- Fire storm at nightPenticton / S. Okanagan - 4:57 pm
|QHR Technologies Inc||1.29||-0.01|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.70||-0.18|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.265||-0.01|
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...
Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...
This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...