US stocks close lower after weak Chinese data

US stocks fell on Monday, weighed down the lingering uncertainty over the trade talks between Washington and Beijing, in addition to weak Chinese data.

Chinese exports fell for the fourth straight month in November by 1.1% compared to last year, which renewed concerns about the impact of the ongoing trade war between the US and China.

Despite repeated remarks by President Trump about reaching a trade deal with China, the markets are still pessimistic due to the lack of tangible results.

In the oil market, West Texas Intermediate (WTI) fell by 0.3% and settled at $59.02 a barrel, and hit a high of $59.2 and a low of $58.2.

Brent fell by 0.2% to $64.25 a barrel, with a high $64.5 and a low of $63.6.

As for stocks, Dow Jones fell by 0.4% or 105 points to close at 27,909, and hit an intraday high of 28,010 and a low of 27,906.

Nasdaq fell by 0.4% or 34 points to 8,622, with a high of 8,678 and a low of 8,619.

S&P 500 fell by 0.3% or 10 points to 3,136, and hit a high of 3,148 and a low of 3,135.