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Oil slide, China worries send Wall Street tumbling

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Oil prices fell by almost 1.0 percent on Friday, and since 1984, the longest period of daily decline has been observed, growth in world supplies and evidence of a slowdown in the global economy.
This week, the United States officially imposed punitive sanctions on Iran, but granted temporary refusals to eight countries, which allowed them to continue to buy oil from the Islamic Republic.

"Oil scares the market. If oil prices fall, this is another sign that the global economy will slow down growth, ”said Chris Zakcarelli, chief investment officer of the independent adviser alliance in Charlotte, North Carolina.
The Dow Jones Industrial Average .DJI fell by 201.92 points, or 0.77 percent, to 25,989.3, the S & P 500.SPX lost 25.82 points, or 0.92 percent, to 2,781.01, and Nasdaq Composite .IXIC dropped 123.98 points, or 1.65 percent, to 7.406.90.

The S & P .SPSY energy index fell 0.4 percent after falling 2.2 percent in the previous session, when US oil prices LCOc1 confirmed a bear market, dropping 20 percent from their highest high. [OR]

"I think we are going to go lower than the October minimum. Economic growth is slowing, but it will not be slow enough to stop the Fed from hikes, ”said Jim Paulsen, chief investment strategist at Leuthold in Minneapolis.

Investors were risk averse, sending the S & P technology index. SPLRCT fell 1.7 percent as Apple Inc. (AAPL.O) fell 1.9 percent and semiconductor stocks .SOX fell 1.9 percent.

Eight of S & P's 11 major sectors closed the day lower.

Consumer goods index. SPLRCS was the biggest gain with a 0.5 percent increase, while other defensive sectors, such as utilities. SPLRCU and real estate. SPLRCR was digging a small profit.
Amid a trade policy dispute between Washington and Beijing, Chinese data showed that producer inflation fell for the fourth consecutive month in October amid falling domestic demand and manufacturing activity, while auto sales fell for the fourth consecutive month.
Chinese data turned global stocks into a tailspin and put pressure on sectors sensitive to trade and commodities. The US industrial sector .SPLRCI fell 1.0 percent, and .SPLRCM materials fell more than 1.4 percent.
US Federal Reserve policies left interest rates unchanged on Thursday, as expected, and her political statement signaled that interest rates are higher, even when he noted that business investment is moderate.
Recent data on producer price inflation in the United States did little to ease concerns about rising interest rates, which this year impeded inventory growth.

Shares of tobacco companies fell after the official said that the US Food and Drug Administration will ban the sale of electronic cigarettes with fruits and sweets in stores and gas stations.

The Altria Group (MO.N) fell 2.98 percent lower, while the British American tobacco company fell 4.2 percent.

Declining issues exceeded the ratios of 2.22 to 1 expected on the NYSE; on the Nasdaq, a ratio of 2.95 to 1 favored biases.

In the S & P 500, 29 new 52-week highs and 8 new lows were published; The Nasdaq Composite has recorded 46 new highs and 113 new lows.

On the US stock exchanges 7.93 billion. Shares have changed in comparison with 8.39 billion. On average over the last 20 sessions.


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