US STOCKS-Wall St loses ground on growth fears, oil slide

martes 3 de mayo de 2016 16:29 GYT
 

* Chinese factory activity shrinks for 14 straight months

* Pfizer higher after reporting rise in quarterly profit

* Apple ends higher, breaking 8-session losing streak

* Indexes down: Dow 0.8 pct, S&P 0.8 pct, Nasdaq 1.1 pct (Updates to close)

By Caroline Valetkevitch

May 3 (Reuters) - U.S. stocks fell on Tuesday after weak economic data in China and Europe reignited worries about global growth, while oil prices dropped for a second day, dragging down energy shares.

Bucking the day's trend, Apple rose 1.6 percent to $95.18, breaking an eight-session streak of losses.

Activity in China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. Britain's manufacturing output also unexpectedly shrank last month to its lowest level in three years.

U.S. oil prices settled down 2.5 percent as rising output from the Middle East renewed concerns about global oversupply. The S&P energy index, down 2.2 percent, led declines in the benchmark index.   Continuación...