Stocks Slip

Monday’s session ended in the red zone. 3M, Boeing, Cisco, and Intel led the Dow’s descent. Brands took a breather amid a variety of economic data, such as weaker-than-expected import and export levels in China as well as renewed Greek debt concerns. Earlier today, China’s customs bureau said that Chinese imports dipped 2.6% year over year in August, which was well short of the 3.5% upswing economists had expected. Meanwhile, exports rose 2.7% last month, which was less than an expected 3% increase. On another note, crude oil futures slipped by 12 cents to settle at $96.54 a barrel. Looking ahead, the Federal Reserve is set to make key decisions on further economic stimulus when they meet later this week.

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