U.S. Stocks Sink on China Sell-Off; Honeywell, Intel Shares Lead Decline

(Bloomberg) -- U.S. stocks fell for the first time in
three days after China tripled the tax on equity trades, sending
shares in Asia and Europe lower and sparking concerns about
another global rout.

Honeywell International Inc., the world's largest maker of
airplane controls, led a decline among companies dependent on
China for sales. Intel Corp., the biggest maker of computer chips,
led semiconductor shares lower after an industry group cut its
forecast for global sales.


Read more at Bloomberg Stocks News