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Stocks slump as more bad data out of China adds to global growth concerns

Stocks slump as more bad data out of China adds to global growth concerns
AP Photo/Richard Drew



Stocks fell Monday after China posted dismal trade data.




The results underscored expectations for global economic growth to slow.




Watch stocks trade in real time here.




Wall Street opened lower Monday as dismal economic data out of Beijing raised concerns that China's economy could slow more than previously thought, adding to risk-off sentiment amid a global trade war and Washington's longest government shutdown on record.
The Dow Jones Industrial Average fell 130 points, or 0.6%. The S&P 500 shed 0.7%, and the Nasdaq Composite was 0.9% lower.
The Chinese government said early Monday that China's exports fell by the most in two years in December, shedding 4.4% from a year earlier, while imports fell 7.6% in their largest drop since 2016.
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