China’s manufacturing industry posted weaker than expected in July, showing the purchasing managers index from Caixin and Markit.
The oil companies Exxon and Chevron, which reported quarterly on Friday which was worse than expected, led the decline. Exxon shares fell 1.5 percent and Chevron shares fell 3.3 percent.
Apple, which according to a report lost some of its market for the iPhone in China in the second quarter, was a sinker on the Nasdaq. The stock fell 2.6 percent.
The Dow Jones Industrial Index fell 0.5 percent and the Nasdaq Composite Index fell 0.3 percent.
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