Stocks decline amid fears of a global economic slowdown

Stocks fell Tuesday, the first trading day of the week, as weak data out of China and lower global growth estimates from the International Monetary Fund renewed fears of the global economy slowing down.

The Dow was down 280 points, led by losses in Travelers and Johnson & Johnson. The S&P 500 pulled back 1.3 percent as the energy and tech sectors lagged. The Nasdaq declined 1.5 percent.

The Chinese economy grew by 6.6 percent last year, according to official numbers released by China's government. That growth matched analyst expectations. However, it was also China's slowest growth pace in 28 years.

China's economic data come as it tries to strike a permanent trade deal with the U.S. Both countries have been in a trade war since last year, slapping tariffs on billions of dollars worth of their goods.

https://www.msn.com/en-us/money/markets/stocks-decline-amid-fears-of-a-global-economic-slowdown/ar-BBSzrkO