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US: Wall St begins June lower on weak China data, oil

Wednesday, June 1, 2016 - 21:54
29_05_2016 - US-STOCKS-FALL-SHARPLY-ON-WALL-STREET-AS-INVESTORS-PREDICT-INTER.jpg

[NEW YORK] 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 US rate hike.

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

REUTERS

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