NEW YORK (AP) — U.S. stocks fell broadly Thursday after a report from China added to growing signs that the world’s second-largest economy is slowing. The selling spared few companies, even those reporting solid earnings.
In the Standard and Poor’s 500 index, nine of 10 companies dropped. Stocks fell from the start of trading after an HSBC survey of Chinese manufacturing fell to the lowest point since July and suggested that the country’s factory sector was shrinking. Earlier this week, China reported its slowest annual economic growth since 1999.