US STOCKS-Wall St lower on fresh signs of global weakness

lunes 9 de noviembre de 2015 11:04 GYT

* China Oct. trade surplus at record high

* OECD cuts 2015 global growth forecast

* All 10 S&P sectors lower, led by telecom stocks

* Priceline drops after weak profit forecast

* Indexes down: Dow 0.49 pct, S&P 0.44 pct, Nasdaq 0.49 pct (Updates to open)

By Abhiram Nandakumar

Nov 9 (Reuters) - U.S. stocks were lower on Monday morning after weak Chinese trade data and an OECD report warning of a global slowdown spurred concerns about weakening demand.

Data showed China's October exports fell for a fourth month, while imports also dropped, leaving the world's second largest economy with a record high trade surplus of $61.64 billion. The U.S. is one of China's biggest trade partners.

The Organisation for Economic Co-operation and Development cut its 2015 global growth forecast again, but said the U.S. Federal Reserve should raise interest rates as the U.S. economic recovery gains steam.   Continuación...