Ford forecast lowers stocks - New York Report

US stocks ended lower yesterday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford.

The S&P consumer discretionary sector, down 0.6 per cent, had the most losses.

Ford shares fell 7.5 per cent and the stock was the S&P’s biggest percentage decliner after it lowered its outlook late during the session, saying North American margins will be at the low end of its previous guidance.

But the market ended well off its lows as worries about tensions in Hong Kong started the day off with losses of nearly 1 per cent.

The Dow Jones Industrial average fell 41.93 points, or 0.25 per cent, to 17,071.22; the S&P 500 lost 5.05 points, or 0.25 per cent, to 1,977.8; and the Nasdaq Composite dropped 6.34 points, or 0.14 per cent, to 4,505.85.