The Dow Jones industrial average <.DJI> dipped 16.09 points, or 0.19 percent, to 8,410.65 points. The Standard & Poor's 500 Index <.SPX> shed 3.44 points, or 0.38 percent, to 903.80. The Nasdaq Composite Index <.IXIC> dipped 9.44 points, or 0.54 percent, to 1,754.12.
Also on Tuesday, Federal Reserve Chairman Ben Bernanke said the three-year U.S. housing bust may be near a bottom and that he expected the recession to end this year, barring a relapse of the financial crisis. However, he also noted U.S. growth would remain subdued and unemployment high.
NYMEX-NEW YORK, May 5 (Reuters) - U.S. crude futures snapped a four-day winning streak on Tuesday, retreating as traders positioned ahead of weekly inventory reports after hitting a 2009 intraday peak amid optimism about economic recovery.
On the New York Mercantile Exchange, June crude
on March 26.
CBOT-SOYBEANS - May
Tight stocks of soy support old-crop or nearby months while bull-spreading of July/November weighed on November amid expectations for increased soy plantings.
USDA late on Monday said 6 percent of the U.S. soy crop had been planted, below average trade estimates for 7-10 percent, up from 3 percent a week ago and below the 11 percent 5-year average.
CBOT-SOYOIL - May
FCPO-JAKARTA, May 5 (Reuters) - Malaysian palm futures retreated on Tuesday after rising a day earlier to their highest in nine months amid renewed concerns that price rally could cut demand, despite of the current supply tightness situation, traders said.
The benchmark July contract
REGIONAL EQUITIES-SINGAPORE, May 5 (Reuters) - Singapore stocks extended their
gains on Tuesday to new seven-month highs as hopes about the improvement in the global economy lifted the country's banks, airlines and some plantation shares.
Singapore's index <.FTSTI> finished 2.25 percent higher, with heavyweight bank DBS Group
In Kuala Lumpur, the stock index <.KLSE> ended 0.05 percent lower, dragged down by plantation firms like Sime Darby