Wall Street dips on weak China data but off day's lows

Wall Street dips on weak China data but off day's lows
 

U.S. stocks were down slightly following weak Chinese economic data, but indexes recovered in afternoon trading along with oil prices.
Data showed China's exports fell 10 percent in September, far worse than markets had expected, while imports unexpectedly shrank, reviving concerns about the health of the world's second-largest economy.
Energy shares pared losses as oil prices ended higher. A U.S. government report of larger-than-expected draws in diesel and gasoline helped prices rebound.
"The catalyst, I think, to start getting some trades in was the oil price stabilizing, and just... read more

 
13 October 2016 in World News, Views: 34
Source: Reuters
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