Wall Street closes lower on Fed and China worries

FXstreet.com (San Francisco) - The US stocks market has closed negative on the first trading session of the week. Investors are concerned about the Fed QE tapering and its consequences into the economic recovery as well as the Chinese stocks collapse. Stocks pared earlier losses and recover some ground but it closed in the red field.

The Dow Jones declined 139.84 points or 0.94% to end the day at 14,659.56. The S&P 500 finished 19.34 pts or 1.21% down on the day to 1,573.09. And the Nasdaq eased 36.49 pts or 1.09% to 3,320.76.