US STOCKS-Wall St falls with energy shares; global data disappoints

lunes 8 de diciembre de 2014 14:46 GYT

* Energy shares fall 3.6 pct on latest crude price tumble

* Japan, China data disappoints

* McDonald's falls after November sales

* Indexes: Dow off 0.5 pct, S&P 0.6 pct, Nasdaq down 0.8 pct (Updates to early afternoon)

By Caroline Valetkevitch

NEW YORK, Dec 8 (Reuters) - U.S. stocks declined on Monday, dragged lower by a big drop in energy shares and global growth concerns following soft data out of China and Japan.

Energy was easily the worst-performing S&P sector, down 3.6 percent, as Brent crude fell to a five-year low on predictions oversupply would keep building until next year. The index is down more than 10 percent for the year, making it the only one of the 10 major S&P sectors in negative territory for the year.

"I think people are looking at the potential ripple effects from the slide in oil. You're seeing some of these ripple effects today," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, noting there also seems to be profit-taking as year's end draws near.

Adding to the bearish tone, data showed China's exports grew at a slower-than-expected pace and imports dropped 6.7 percent in November, while Japan's economy shrank more than expected in the third quarter.   Continuación...