US STOCKS-Wall St ends down on Hong Kong tensions, Ford outlook

lunes 29 de septiembre de 2014 16:58 GYT

* Indexes down: Dow 0.3 pct, S&P 0.3 pct, Nasdaq 0.1 pct

By Caroline Valetkevitch

NEW YORK, Sept 29 (Reuters) - U.S. stocks ended lower on Monday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford Motor Co.

The S&P consumer discretionary sector, down 0.6 percent, had the most losses. Ford shares fell 7.5 percent and the stock was the S&P's biggest percentage decliner after it lowered its outlook late during the session, saying North American margins will be at the low end of its previous guidance.

But the market ended well off its lows as worries about tensions in Hong Kong started the day off with losses of nearly 1 percent.

"The market continues to get hit with a lot of negative news, and the latest was the problems in Hong Kong," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

But investors might take a more upbeat view of the market heading into the fourth quarter and ahead of third-quarter earnings, he said.

"Seasonally, we're entering perhaps a favorable period for the equity market," Hellwig added.

The Dow Jones Industrial average fell 41.93 points, or 0.25 percent, to 17,071.22; the S&P 500 lost 5.05 points, or 0.25 percent, to 1,977.8; and the Nasdaq Composite dropped 6.34 points, or 0.14 percent, to 4,505.85.   Continuación...