Signs that China's economy is weakening and Europe is slowing sent U.S. stocks lower Thursday. The disconcerting economic news from overseas overshadowed other reports that suggested the U.S. economy is gaining momentum.
China Thursday signaled its manufacturing sector could be contracting. A manufacturing index by HSBC fell to 48.1 in March from 49.6 in February. Figures below 50 indicate manufacturing is contracting. In Europe the purchasing managers' index from Markit, a financial data company, fell to a below-forecast 48.8 points in March from 49.3 a month earlier.-- AP