U.S. stocks fell on Thursday, with the Dow Jones industrial average recording its third consecutive day of losses, after weaker-than-expected manufacturing data in China and lackluster U.S. corporate earnings. The Dow Jones industrial average fell 175.93 points, or 1.07 percent, to 16,197.41, while the S&P 500 lost 16.38 points, or 0.89 percent to 1,828.48. The Nasdaq Composite index fell the least of the three, with a dip of 24.126 points, or 0.57 percent, to 4,218.875.
Wall Street Slides on China Data, Earnings
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International Business Machines Corp. (IBM) agreed to sell its low-end server business for $2.3 billion to China's Lenovo Group Ltd. (992) as a way to decrease its reliance on computer hardware.
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