US STOCKS-Wall St drops as China stock slump stokes growth fears

lunes 27 de julio de 2015 16:37 GYT
 

* Chinese shares drop the most in eight years

* Oil prices, commodities lower following China equity selloff

* Dow hits lowest level since February

* Teva, Allergan jump after $40.5 bln deal

* Indexes end down: Dow 0.72 pct, S&P 0.57 pct, Nasdaq 0.96 pct (Updates to late close, adds detail)

By Noel Randewich

July 27 (Reuters) - Wall Street sank on Monday, with the Nasdaq losing almost 1 percent after the steepest decline in Chinese stocks in eight years increased concerns that cooling growth in the world's No. 2 economy could hurt China's trading partners.

The Dow Jones industrial average finished at its lowest since February, the Nasdaq Composite hit a four-week low and the benchmark S&P 500 ended at its lowest in over two weeks.

In an additional negative sign, 480 stocks hit 52-week lows on the New York Stock Exchange, the most in one day since Oct. 15.   Continuación...