Stock market today: Dow, S&P 500, Nasdaq slide after Moody's downgrades US credit rating
Asian equities declined Monday as investors reacted to weaker-than-expected Chinese economic data and fresh concerns over US credit risk.
China’s National Bureau of Statistics reported April industrial output rose 6.1% year-over-year, slowing from 7.7% in March but beating forecasts. Retail sales climbed 5.1%, below the expected 5.5% and down from March’s 5.9%.