S&P 500 Slips as China Trade Data Weighs
US stocks declined as weak Chinese trade data spurred concerns about slowing global growth. Treasuries pared gains and the dollar dropped.
The S&P 500 fell for a second session, led by technology shares after slumping Chinese exports fueled worries about the growing impact of the US-China trade war on worldwide growth. PG&E plunged after the utility said it will file for bankruptcy in California and its chief executive officer will exit.
Citigroup advanced after reporting earnings, helping to lift banks.
The 10-year Treasury yield was steady, while the dollar fell against most peers. In Europe, the Stoxx Europe 600 Index snapped four days of gains, dragged lower by tech companies.