US STOCKS-Wall St dips as oil falls, China data disappoints

martes 8 de marzo de 2016 13:47 GYT
 

* China Feb exports fall most in more than six years

* Crude prices fall nearly 3 percent

* Shake Shack plunges after disappointing guidance

* Indexes down: Dow 0.19 pct, S&P 0.47 pct, Nasdaq 0.40 pct (Updates to early afternoon)

By Abhiram Nandakumar

March 8 (Reuters) - Wall Street was lower on Tuesday as oil prices slipped and weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy.

China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The report weighed on markets worldwide.

U.S. crude fell nearly 3 percent, while Brent was off more than 2 percent, as major oil producers sparred over a potential output freeze.

"The data this morning has dampened sentiment more so than anything else at this point in terms of confirming some of the concerns regarding growth in China," said Ryan Larson, head of U.S. equity trading at RBC Global Asset Management in Chicago.   Continuación...