A slowdown in Chinese manufacturing activity sent the markets down to a lower close with the Dow dropping 51 points to 17,776. Nasdaq plunged 64 points to 4,727.
On the upside
Shares of Buenaventura (NYSE: BVN), Iamgold (NYSE: IAG) and McEwen Mining (NYSE: MUX) rose as gold prices climbed.
Bargain hunters lifted shares of Exxon Mobil (NYSE: XOM).
Rising silver prices lifted shares of Pan American Silver (Nasdaq: PAAS) and Silver Strand Resources (Nasdaq: SSRI).
On the downside
Shares of California Resources (NYSE: CRC) fell on its first trading day.
Top executives at Twitter (NYSE: TWTR) sold nearly $50 million worth of company stock with chief executive Dick Costolo unloading more than half of his holdings.
Flat global steel production in October weighed down shares of AK Steel (NYSE: AKS).
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 fell 14 points to 2053. Bitcoin added $1 to $378.
Chinese manufacturing slows, markets close lower
December 01, 2014 at 17:16 PM EST