NEW YORK (AP) — Stocks are falling after a regional manufacturing report fell short of forecasts and Japan became the latest country to show signs of slowing growth.
Both are adding to concerns Monday about the pace of a global economic recovery.
Japan says its economy grew just 0.1 percent in the second quarter. That’s much slower than the 1.2 percent growth in the first quarter.
The Federal Reserve Bank of New York says manufacturing activity in the state is rising in August, but not as fast as economists had predicted.
The Dow Jones industrial average is down 62.44, or 0.6 percent, at 10,248.51. The Standard & Poor’s 500 index is down 5.79, or 0.5 percent, at 1,073.46, while the Nasdaq composite index is down 12.21, or 0.6 percent, at 2,161.27.
