10% drop in Chinese exports year over year
Weak Chinese trade data sent stocks down across the globe. According to The Wall Street Journal U.S. stocks were hit after the opening but pared their losses later in the day.
The Dow Jones Industrial Average closed little changed Thursday, nearly recovering from an earlier 184-point drop that followed weak Chinese trade data.
Official data released Thursday showed Chinese exports fell 10% year-over-year last month, sparking concerns about the world’s second-largest economy and global demand. Stocks around the globe fell and base metals such as copper tumbled. Investors moved to safe havens such as gold, U.S. government bonds and utility stocks.
There are […]