US Close 15 Jan 19: Chinese trade data spooks markets

US sharemarkets were lower on Monday. Chinese economic data was weaker-than-expected. And investors await the UK Brexit vote to be held on Tuesday. Shares in Citigroup rose by 3.95% after a drop in expenses offset weaker quarterly revenue and supported profits in the quarter. Shares in the biggest power utility in the US, PG&E Corp, plunged by 52.4% after it said it was preparing to file for Chapter 11 bankruptcy for all of its businesses. At the close, the Dow Jones was down by 86 points or 0.4%, after trading in a range of almost 200 points. The S&P500 index was down 0.5%. The Nasdaq index was lower by 66 points or 0.9%.

 

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