While you were sleeping: Stocks fall on growth concern

Mon, 01 Feb 2016

By Margreet Dietz Feb. 2 (BusinessDesk) - Stocks on both sides of the Atlantic moved lower as disappointing economic data from the US and China fuelled concern about global growth. A fresh slide in the price of oil also weighed on sentiment. In 12.39pm trading in New York, the Dow Jones Industrial Average shed 0.7 percent, while the Nasdaq Composite Index fell 0.5 percent. In 12.24pm trading, the Standard & Poor’s 500 Index declined 0.5 percent. Declines in shares of Exxon Mobil and those of Chevron, last down 2.6 percent and 2.4 pe...

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