The Dow Jones industrial average <.DJI> dropped 65.63 points, or 0.75 percent, to 8,675.24. The Standard & Poor's 500 Index <.SPX> shed 12.98 points, or 1.37 percent, to 931.76. The Nasdaq Composite Index <.IXIC> declined 10.88 points, or 0.59 percent, to 1,825.92.
Federal Reserve Chairman Ben Bernanke said in an appearance before the House Budget Committee he expected to see "some positive growth later this year" but not robust growth.
NYMEX-NEW YORK, June 3 (Reuters) - U.S. crude futures fell more than 3 percent on Wednesday, battered by government data showing a large, surprise increase in crude inventories and as the dollar rebounded strongly.
On the New York Mercantile Exchange, July crude
3.54 percent, at $66.12 a barrel, trading from $64.95 to $68.95.
July crude hit an intraday high of $69.05 on Tuesday, the highest front-month price since $70.46 was reached on Nov. 5.
CBOT-SOYBEANS - July
CBOT-SOYOIL - July
FCPO-JAKARTA, June 3 (Reuters) - Malaysian palm oil futures dropped for a second day on Wednesday as investors, spooked by worries over higher production, continued to lock in profits from the recent crude oil-driven rally, traders said.
The benchmark August contract
REGIONAL EQUITIES-BANGKOK, June 3 (Reuters) - Banking and building firms powered Thai shares to a 3-week high on Wednesday, while an interest rate cut triggered buying of financials and index heavyweights in Indonesia.
Singapore's index <.FTSTI> ended up 0.3 percent after a 0.2 percent loss on Tuesday, with United Overseas Bank
Among decliners in the region, Malaysia's index <.KLSE> and the Philippine index <.PSI> each dropped 0.8 percent after rising in the last three sessions. Malaysia's Tenaga Nasional