US STOCKS-S&P, Dow touch three-month lows on weak China data

jueves 13 de octubre de 2016 13:00 GYT

* Chinese exports drop 10 pct in September - report

* Financials post biggest drop in a month

* Citigroup, JPMorgan, Wells Fargo to report results on Friday

* Indexes down: Dow 0.39 pct, S&P 0.39 pct, Nasdaq 0.53 pct (Updates to early afternoon)

By Yashaswini Swamynathan and Tanya Agrawal

Oct 13 (Reuters) - The S&P 500 and the Dow Jones industrial average touched three-month lows on Thursday, dragged down by weak Chinese economic data and a potential U.S. interest rate hike by the end of the year.

Data showed China's exports fell 10 percent in September, far worse than the markets had expected, while imports unexpectedly shrank, reviving concerns about the health of the world's second-largest economy.

The Fed on Wednesday released the minutes of its last rate-setting meeting that showed several policymakers felt a move was warranted "relatively soon" if the U.S. economy continued to strengthen.

The U.S. economy is doing "pretty well" and has a strong labor market, Philadelphia Fed President Patrick Harker said on Thursday. Harker does not have a vote on monetary policy this year but will in 2017.   Continuación...