Midday Report: U.S. Stocks Drop on Weak China Trade, Crude Oil Decline

Stocks bottomed out at session lows as weak trade data reignited worries over growth in China’s economy. Exports in September fell at a pace three times what analysts had forecast. Crude oil prices slumped after a weekly read on U.S. inventories showed the first increase in six weeks. Analysts expected an increase a fraction of the size. Mounting domestic supply has been just one of the concerns keeping commodity traders at bay. Railroad operator CSX was active after weathering a quarter in which a sharp slump in coal shipment volumes weighed on revenue. The freight company anticipates a 25%

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