General Growth Properties (GGP) Reports In-Line Q2 FFO

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Go back to General Growth Properties (GGP) Reports In-Line Q2 FFO

Weak oil prices, China worries weigh on Wall Street

August 3, 2015 3:01 PM EDT

(Updated: 4:42PM ET) By Noel Randewich

(Reuters) - Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy.

Energy stocks were the biggest losers among the main S&P sectors. Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX), which reported poor results on Friday, led the losses.

Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China. Crude prices are... More