New York, NY (AP) - Two signs of trouble elsewhere in the world pushed U.S. stocks lower: slowing economic growth in China and a possible hitch in a deal to get Greece its bailout money.
The Dow Jones industrial average closed down 15 points to 12,963 Monday. The Standard & Poor's 500 dropped 5 points to 1,364. The Nasdaq composite index fell 26 to 2,950.
China's premier, Wen Jiabao, lowered China's economic growth target to 7.5 percent from 8 percent. That's a negative sign because China's growth has been a cornerstone supporting the global economy since the financial crisis of 2008.
Traders also worried that not enough private investors may participate in a bond swap in Greece necessary to save the country from default.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.