US STOCKS-Wall Street edges lower after record; Boeing drags

lunes 10 de marzo de 2014 10:24 GYT

* China trade data weak

* McDonald's February same-restaurant sales fall

* Boeing finds cracks in wings of Dreamliners in production

* Indexes off: Dow 0.41 pct, S&P 0.24 pct, Nasdaq 0.15 pct

By Chuck Mikolajczak

NEW YORK, March 10 (Reuters) - U.S. stocks edged modestly lower on Monday, and the S&P 500 held near record highs, as investors largely shrugged off unexpectedly weak data in China.

China's exports unexpectedly tumbled 18.1 percent in February, against expectations for a 6.8 percent rise, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy, despite the Lunar New Year holidays being blamed for the slide.

"We did shrug off the (China data), almost as if was a non-event," said Peter Kenny, chief executive of Clearpool Group in New York.

"I don't think it's disruptive to the way people are looking at China as an economy that has lost some of its hyperbolic move and that is almost welcome."   Continuación...