US STOCKS-S&P 500 posts worst day since Oct; energy shares sink

lunes 8 de diciembre de 2014 17:49 GYT

* Energy shares fall 3.9 pct on latest crude price tumble

* Japan, China data disappoints

* McDonald's falls after November sales

* Indexes: Dow off 0.6 pct, S&P 0.7 pct, Nasdaq down 0.8 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Dec 8 (Reuters) - The S&P 500 posted its biggest daily percentage drop since Oct. 22 on Monday as oil's slump to a five-year low caused a selloff in energy shares.

Worries about global growth added to the bearish tone. Data showed China's exports grew at a slower-than-expected pace and imports dropped in November, while Japan's economy shrank more than expected in the third quarter.

The S&P energy index tumbled 3.9 percent and traded at its lowest since June 2013 as Brent crude fell to a five-year low on predictions oversupply would keep building until next year. Leading the decline, shares of Exxon Mobil fell 2.3 percent to $91.70 while shares of Chevron dropped 3.7 percent to $106.80.

The energy index is now down 12.8 percent for the year and is the only major S&P sectors in negative territory for 2014. The S&P 500 is up 11.5 percent for the year so far.   Continuación...