US STOCKS-Oil drop, China data drag Wall Street lower

martes 8 de marzo de 2016 16:07 GYT

* China Feb exports fall most since May 2009

* U.S. crude price falls more than 3 pct

* Illumina slides after change in leadership

* Indexes down: Dow 0.4 pct, S&P 0.8 pct, Nasdaq 0.8 pct (Updates to afternoon trading)

By Rodrigo Campos

March 8 (Reuters) - U.S. stocks fell on Tuesday after soft Chinese trade data rekindled fears that the global economy is weaker than anticipated and a decline in crude prices brought down energy shares.

China's February trade performance was far worse than economists had expected, with exports tumbling the most in more than six years. The 16th-straight monthly decline in imports weighed on stocks in the basic materials sector, which was down 1.7 percent.

U.S. crude settled down 3.7 percent in its largest daily decline since bottoming for the year in Feb. 11. Since then, the U.S. barrel of crude rose as much as 45.5 percent.

Despite the recent rebound in crude prices, oversupply and expectations of weak demand from China have weighed on sentiment.   Continuación...