US STOCKS-Wall St falls as rate hike looms, growth fears resurface

lunes 9 de noviembre de 2015 14:16 GYT
 

* China Oct. trade surplus at record high

* Dow moves into negative territory for the year

* Consumer discretionary, energy stocks lead declines

* Indexes down: Dow 1.12 pct, S&P 1.16 pct, Nasdaq 1.21 pct (Updates to early afternoon)

By Abhiram Nandakumar

Nov 9 (Reuters) - U.S. stock indexes fell more than 1 percent on Monday afternoon, their biggest decline in six weeks, as investors braced for an increase in interest rates and fretted about weak Chinese trade data.

Nine of the 10 major S&P sectors were lower, led by consumer discretionary and energy stocks. The Dow Jones industrial average slipped into negative territory for the year, with only two of its 30 components higher on the day.

U.S. companies face the prospect of higher borrowing costs if the Federal Reserve raises interest rates next month, as is widely expected after Friday's strong jobs report.

They also now face renewed fears of a slowdown in China, a key market for many companies, as they head into the crucial holiday shopping season.   Continuación...