China Shows More Bad Manufacturing Data, Stocks Continue Slide

There's more bad data out of China. Manufacturing numbers from the country were surprisingly weak compared to analysts forecasts. China has also seen a collapse in exports and disappointing trade data. Oil prices are on their longest weekly losing streak in 29 years. A third of the S&P 500 companies are now in bear territory. Sysco (SYY) has named Nelson Peltz and Josh Frank to its board of directors. The move comes less than a week after the investment fund disclosed a 7% stake in the food distributor. FedEx (FDX) says it will formally launch its $4.8 billion offer for Dutch rival TNT Express next week. Foot Locker (FL) and Deere (DE) report earnings today. Baker Hughes (BHI) will be out the current rig count.