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U.S. Stocks Decline After China Trade Data Add to Growth Concern

  • Industrials slump along with commodity shares after data
  • China rekindles worries that hit equities during the summer
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Is China Enough Reason for Market Pullback?

Joseph Ciolli and Oliver Renick
Updated on

U.S. stocks declined, tracking a selloff in equity markets around the world, on renewed worries about the prospects for global growth.

Data showing another month of weakening Chinese trade highlighted the slump in global demand that’s driven a rout in energy and commodity prices this year. Industrial and raw-material companies led today’s retreat, with Caterpillar Inc. and Boeing Co. down at least 2.3 percent, while Alcoa Inc. sank 5.8 percent.