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Mixed day on Wall Street as fears for China economy grow

Published 09/05/2016

Wall Street traders had half an eye on China during Monday trading
Wall Street traders had half an eye on China during Monday trading

Stocks indexes ended little changed on Wall Street as more worries about China pulled down prices for oil.

Energy companies fell Monday after weak economic reports from China renewed fears that the world's second-largest economy was slowing down. Chevron fell 2%.

Health care stocks rose. Allergan, which makes Botox, gained 6%.

LendingClub plunged 35% after its chairman and chief executive resigned following an internal review of the sale of loans to an investor.

The Dow Jones industrial average fell 34 points, or 0.2%, to 17,705. The Standard & Poor's 500 index edged up a point to 2,058. The Nasdaq composite index added 14 points, or 0.3%, to 4,750.

Bond prices rose. The yield on the 10-year U.S. Treasury note fell to 1.75%.

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From Belfast Telegraph