Wall Street falls to China data, Citi results from Reuters

Wall Street falls to China data, Citi results from Reuters

© Reuters. Traders work in New York at the bottom of the NYSE

From Medha Singh

(Reuters) – US equities fell on Monday, driven by technology stocks, following an unexpected decline in Chinese exports in December. This worried concern about a slowdown in global economic growth.

Chinese trade data raised concerns that US tariffs on Chinese goods are affecting the world's second-largest economy, prompting companies such as Apple Inc. (O) to warn profit.

The shares of chipmakers, which generate a significant portion of their sales from China, experienced a stroke: The semiconductor index Philadelphia SE () fell by 1.74 percent.