Materials and energy stocks slide on China growth worries

Friday, September 18, 2015, Vol. 39, No. 38

NEW YORK (AP) — Stocks are ending mostly lower, led by another drop in materials and energy companies as worries about global growth continue.

The Dow Jones industrial average declined 51 points, or 0.3 percent, to 16,279 Wednesday.

The Standard & Poor's 500 index gave up four points, or 0.2 percent, to 1,938. The Nasdaq composite also fell four points, or 0.1 percent, to 4,752.

Investors are worried that more signs of weakness in China will mean soft demand for basic materials and energy. Dow Chemical and Chevron each fell 2 percent.

The price of oil plunged 4 percent to $44.48 a barrel New York. That followed a 2 percent slump the day before.

Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.15 percent.