Dow Jones Falls As Crude Oil Prices Tumble
ICM Brokers | Sep 09, 2014 03:05AM ET
Dow Jones Composite
U.S. stocks fell on Monday on the coattails of falling energy companies, whose shares took a dive on slumping oil prices, while a general bout of profit taking sent broader indices edging lower as well. U.S. stocks mixed to lower on slumping energy firms; Dow falls 0.15% Stocks end largely lower as cheap oil batters energy stocks. At the close of U.S. trading, the Dow 30 fell 0.15%, Crude Oil prices tumbled earlier after data revealed that China's imports fell unexpectedly, underlining concerns over the health of the world's second largest economy. Chinese exports climbed 9.4% from a year earlier, beating expectations for an 8% increase, however imports declined 2.4% last month, disappointing forecasts for a 1.7% gain, which pushed oil prices lower.
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