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

lunes 8 de diciembre de 2014 15:56 GYT

* Energy shares fall 3.8 pct on latest crude price tumble

* Japan, China data disappoints

* McDonald's falls after November sales

* Indexes: Dow off 0.7 pct, S&P 0.8 pct, Nasdaq down 1 pct (Updates to early afternoon trading)

By Caroline Valetkevitch

NEW YORK, Dec 8 (Reuters) - U.S. stocks fell on Monday, putting the S&P 500 on track for its biggest daily percentage decline since October, as energy shares fell with oil prices and global growth concerns rose following soft data out of China and Japan.

Energy was easily the worst-performing S&P sector, down 3.8 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.

But most growth-oriented sectors were down on Monday as well, suggesting investors were avoiding riskier areas of the market.

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...