Wall St. falls on concerns about Europe, U.S. rate hike

Image
Reuters
Last Updated : May 27 2015 | 1:48 AM IST

(Reuters) - U.S. stocks fell on Tuesday, pushing the S&P 500 to its biggest percentage drop in three weeks on Tuesday, weighed down by concerns about Greece's financial crisis and some upbeat U.S. economic data that fuelled expectations a rate hike could come sooner rather than later.

The Dow Jones industrial average fell 188.95 points, or 1.04 percent, to 18,043.07, the S&P 500 lost 21.79 points, or 1.02 percent, to 2,104.27 and the Nasdaq Composite dropped 56.61 points, or 1.11 percent, to 5,032.75.

(Reporting By Sinead Carew; Editing by Nick Zieminski)

*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: May 27 2015 | 1:38 AM IST

Next Story