Stocks fell on Thursday led by losses in the technology sector and on worries that China's rapid growth may lead to more aggressive measures to tackle inflation.
After U.S. stocks suffered their worst decline in nearly two months on Wednesday on disappointing results from Goldman Sachs
Shares of networking/cloud computing companies weighed on the Nasdaq index, a day after F5 Networks Inc
F5 Networks was down 18.7 percent at $112.84.
On the upside, Morgan Stanley
The Dow Jones industrial average <.DJI> was down 26.18 points, or 0.22 percent, at 11,799.11. The Standard & Poor's 500 Index <.SPX> was down 5.55 points, or 0.43 percent, at 1,276.37. The Nasdaq Composite Index <.IXIC> was down 19.94 points, or 0.73 percent, at 2,705.42.
Chinese gross domestic product soared past forecasts to grow 9.8 percent in the fourth quarter, with inflation slowing less than expected. This may lead Beijing to move more aggressively to quell growth and keep the economy from overheating.
(Reporting by Angela Moon; editing by Jeffrey Benkoe)