In the news:
- Asia cheered as China's factories defy doomsters10:18 PM ET | Reuters
- Finmeccanica unit sues to block U.S. helicopter deal for Airbus10:10 PM ET | Reuters
- CA-BUSINESS Summary9:59 PM ET | Reuters
- China September factory activity edges up on stronger orders but employment shrinks9:59 PM ET | Reuters
- UPDATE 3-U.S. Treasury moves against tax-avoidance 'inversion' deals9:54 PM ET | Reuters
- FAA: Airplane makes emergency landing in Omaha9:34 PM ET | AP
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[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
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