Wall St begins June lower on weak China data, oil

Image
Reuters
Last Updated : Jun 01 2016 | 7:24 PM IST

(Reuters) - Wall Street began the month in the red on Wednesday, with falling oil prices and weak factory data from China worrying investors as they try to anticipate the timing of the next U.S. rate hike.

The Dow Jones industrial average was down 74.3 points, or 0.42 percent, at 17,712.9. The S&P 500 was lower 7.68 points, or 0.37 percent, at 2,089.28 and the Nasdaq Composite was off 19.03 points, or 0.38 percent, at 4,929.02.

(Reporting by Tanya Agrawal; Editing by Savio D'Souza)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 01 2016 | 7:13 PM IST

Next Story