Wall Street near session lows after Fed Beige Book
U.S. stocks traded near session lows on Wednesday after the U.S. Federal Reserve release its snapshot of regional economic activity showing conditions stayed weak or worsened in May.
* The report added to worries about surging oil prices and the specter of rising interest rates.
* The Dow Jones industrial average <.DJI> dropped 119.71 points, or 1.37 percent, to 8,643.35. The Standard & Poor's 500 Index <.SPX> fell 13.48 points, or 1.43 percent, to 928.95. The Nasdaq Composite Index <.IXIC> declined 32.05 points, or 1.72 percent, to 1,828.08.
(Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)
© Copyright Thomson Reuters 2023. All rights reserved.
Join the Discussion