(By Salman - iStockAnalyst Writer)US stocks finished lower on Monday after a sharp slide in Chinese stocks reignited fears over the pace of the global recovery.
The Dow Jones Industrial Average dropped 47.92 points or 0.50% to finish at 9,496.28. The S&P 500 declined 8.31 points or 0.81% to end at 1,020.623. The Nasdaq Composite lost 19.71 points or 0.97% to 2,009.06.
Shares of Alcoa Inc. (NYSE:
AA), the largest US aluminum maker, tumbled 45 cents or 3.60% to $12.05.
Equipment maker Caterpillar Inc. (NYSE:
CAT) lost $1.40 or 3% to close at $45.31.
Airplane maker Boeing Inc. (NYSE:
BA) plunged $1.37 or 2.68% to $49.67.
Shares of Bank of America Corp. (NYSE:
BAC) slid 39 cents or 2.17% to $17.59.
Shares of Walt Disney (NYSE:
DIS) plummeted 80 cents or 2.98% to $26.04. Early on Monday, the company announced that it has agreed to buy Marvel Entertainment Inc. (NYSE:
MVL) for $4 billion in cash and stock. Shares of Marvel Entertainment soared $9.72 or 25.15% to $48.37.
Chemical maker DuPont Co. (NYSE:
DD) slipped 63 cents or 1.93% to $31.93.
Among energy stocks, both Exxon Mobil (NYSE:
XOM) and Chevron Corp.
