US stocks retreat on economy and trade jitters


The Dow Jones Industrial Average fell 267.35 points, or 0.95%, to 27,784.06, the S&P 500 lost 27 points, or 0.86%, to 3,113.98 and the Nasdaq Composite dropped 97.48 points, or 1.12%, to 8,567.99. Of the 11 major sectors in the S&P 500, only consumer staplesand energy ended the session in positive territory.

NEW YORK: Wall Street stepped back from last week's record highs on Monday, with weak U.S. manufacturing data and fresh trade worries keeping buyers on the sidelines.

All three major U.S. stock averages began the last month of the year in the red as investors returned from the long holiday weekend.

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