US STOCKS-Wall St falls as rate hike looms and growth fears linger

lunes 9 de noviembre de 2015 15:41 GYT
 

* China Oct. trade surplus at record high

* Dow moves into negative territory for the year

* Consumer discretionary, energy stocks lead declines

* Indexes down: Dow 1.1 pct, S&P 1.1 pct, Nasdaq 1.2 pct (Updates to afternoon)

By Noel Randewich

Nov 9 (Reuters) - U.S. stock indexes lost more than 1 percent on Monday, their biggest decline in six weeks, as investors braced for an interest-rate hike and fretted about weak Chinese trade data.

Nine of the 10 major S&P sectors were lower, led by consumer discretionary and energy stocks. The Dow Jones industrial average slipped back into negative territory for the year, with only two of its 30 components higher on the day.

U.S. companies face the prospect of higher borrowing costs if the Federal Reserve raises interest rates next month, as is widely expected after Friday's strong jobs report.

Investors also focused on renewed fears of a slowdown in China, a key market for many companies, ahead of the crucial holiday shopping season.   Continuación...