NEW YORK – U.S. stocks headed lower early Monday, following declines in overseas markets on weak Chinese trade data and mounting worries about Greece's finances.
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KEEPING SCORE: The Dow Jones industrial average fell 60 points, or 0.3 percent, to 17,764 as of 10:20 a.m. Eastern time. The Standard & Poor's 500 slipped four points, or 0.2 percent, to 2,052, while the Nasdaq composite fell seven points, or 0.1 percent, to 4,738.
MICKEY D: Before the market opened, McDonald's reported that a key measure of global sales shrank last month, as sales slumped across the Middle East, Africa and Asia. The world's biggest hamburger chain dropped 95 cents, or 1 percent, to $93.05 in early trading.
SUPERHERO: Hasbro jumped $3.50, or 6 percent, to $59.24 after the toy company turned in stronger quarterly results. Sales of toys geared toward boys increased 21 percent, led by Transformers, Nerf and Marvel-brand action heroes. Hasbro also raised its dividend and expanded plans to buy back its own shares.
EUROPE: Major markets in Europe fell. France's CAC-40 lost 1.3 percent, and Germany's DAX fell 1.9 percent. Britain's FTSE 100 was down 0.5 percent.
GREECE, AGAIN: On Sunday, Greece's new prime minister, Alexis Tsipras, set his government on a collision course with the country's creditors. Tsipras proclaimed an end to a regimen of budget cuts and tax increases and said he would push for a "bridge agreement" that would give Greece and its creditors time to negotiate a new lending arrangement by June. Greece and its European creditors were expected to discuss the issue later this week.
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CHINA TRADE: Investors reacted to Chinese trade data released Sunday that showed imports fell nearly 20 percent over a year earlier. Exports were also weak, dropping 3.2 percent from a year earlier, heightening concerns about the world's second-largest economy.
ASIA'S DAY: Hong Kong's Hang Seng fell 0.6 percent while South Korea's Kospi slipped 0.4 percent. Australia's S&P/ASX 200 lost 0.1 percent. Benchmarks in Taiwan, Singapore and New Zealand also closed lower. Japan's Nikkei 225 added 0.4 percent.
ENERGY: U.S. crude oil rose $1.63 to $53.32 a barrel on the New York Mercantile Exchange. The contract rose $1.21 to close at $51.69 a barrel on Friday.
BONDS: In the market for U.S. government bonds, the yield on the 10-year Treasury note fell to 1.91 percent.