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Dow Dips 34 Amid China Fears

Chevron among energy companies that take a hit
By Newser Editors and Wire Services
Posted May 9, 2016 3:20 PM CDT

(Newser) – 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 CEO 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%. (Read more Dow Jones stories.)

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