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Market News: Tyson Foods, Frontier Communications, Sears Holdings

The stock markets in the United States fell due to the weakness of equities in the commodities sector and the increasing concern regarding the global economy.

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In an interview with Bloomberg, John Carey, a fund manager at Pioneer Investment Management commented, “China numbers were weak, and I think there’s a growing concern about the general overseas economic pictures, and how that might affect U.S. economy.”

The equities of companies in the commodity sector fell after the official Purchasing Manager’s Index in China dropped to 50 in July. Zhao Qinghe, a senior statistician at the National Statistics Bureau, commented that the internal and external demands for country’s manufacturing sector are still weak.

A separate report from the Institute of Supply Management (ISM) showed that the manufacturing sector in...


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