Stocks Ended Lower On Weak China Export Data

U.S. stocks finished generally lower on Monday as weak data from China reignited worries about a global economic slowdown. The Dow Jones Industrial Average retreated 34.04 points, or 0.21%, lat 16,418.68. The S&P 500 was off 0.87 point, or 0.05%, at 1,877.17. The Nasdaq Composite closed down 1.77 points, or 0.04%, at 4,334.45.

Federal Reserve officials are shifting their outlook on how to normalize monetary policy, according to a report by The Wall Street Journal’s Jon Hilsenrath on Monday . After a prolonged period of bond-buying stimulus programs and near-zero benchmark interest rates, the central bank is considering how to exit those policies.

Minerals Technologies (MTX) said it’s going to buy Amcol International (ACO) for $1.7 billion, or $45.75 a share, the latest offer in its ongoing battle with Imerys for control of the company. Last week Imerys offered $45.25 per Amcol share. The Minerals Technologies bid was approved by boards of both companies.

Sbarro has filed for Chapter 11 reorganization for the second time in three years. The bankruptcy filing by the struggling pizza chain Monday comes after the company shuttered 155 of its U.S.

About the Author

has written 15949 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks