Stocks head lower on signs of weakness in China and a weak start to holiday shopping season

NEW YORK, N.Y. – U.S. stock indexes are closing slightly lower following more signs of weakness in China and disappointing retail sales over the Thanksgiving holiday.

Industrial and retail stocks had some of the biggest losses Monday. General Electric and Nike fell the most in the Dow Jones industrial average. Macy’s and Target also fell.

The Dow lost 51 points, or 0.3 per cent, to 17,776.

The Standard & Poor’s 500 index lost 14 points, or 0.7 per cent, to 2,053. The Nasdaq composite fell 64 points, or 1.3 per cent, to 4,727.

The price of crude oil rose $2.85 to $69 a barrel in New York, recovering some of the ground it lost Friday.

Prices for U.S. government bonds fell. The yield on the 10-year Treasury note rose to 2.22 per cent.