Economics
U.S. Stock Decline on China Data Amid Earnings Reports
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U.S. stocks fell, with the Dow Jones Industrial Average tumbling to a one-month low, after a gauge of China’s manufacturing contracted and investors analyzed corporate earnings.
Cliffs Natural Resources Inc. slipped 4.3 percent, following European commodity producers lower. JPMorgan Chase & Co. and American Express Co. slid at least 1.9 percent to pace losses among financial firms. American Eagle Outfitters Inc. lost 7.8 percent after saying its chief executive officer is leaving. Netflix Inc. surged 16 percent as it projected customer growth that topped analysts’ estimates.