The Dow Jones industrial average <.DJI> fell 24.04 points, or 0.27 percent, to 8,739.02. The Standard & Poor's 500 Index <.SPX> slid 3.28 points, or 0.35 percent, to 939.15. The Nasdaq Composite Index <.IXIC> dropped 7.05 points, or 0.38 percent,
to 1,853.08.
In its latest Beige Book survey of the economy, the Federal Reserve said U.S. economic conditions were weak or worsened through May, but some areas of the country saw signs the contraction was moderating.
NYMEX-NEW YORK, June 10 (Reuters) - U.S. crude oil futures settled at the highest level in seven months on Wednesday, gaining sharply on government data showing a
larger-than-expected drawdown in crude oil inventories last week.
Prices rose for a second day in a row, but pared gains after surging to the intraday high of $71.79 as the dollar rebounded against the euro and Wall Street dipped on worries surging oil prices could weaken the economic recovery.
On the New York Mercantile Exchange, July crude
CBOT-SOYBEANS - July
Bullish U.S. soy stocks data in USDA's June supply/demand report supports market but gains slowed by downturn in stock market and firming dollar.
USDA forecast U.S. old-crop soy ending stocks at 110 million bushels, below average estimate for 114 million, and new-crop soy ending stocks 210 million, slightly below estimates for 211 million.
CBOT-SOYOIL - July
FCPO-JAKARTA, June 10 (Reuters) - Malaysian palm oil futures rose 1.5 percent on Wednesday, as a rally on crude oil, soybean and equity markets outweighed bearish data on palm oil exports and stocks, traders said.
The benchmark August contract
REGIONAL EQUITIES-BANGKOK, June 10 (Reuters) - Singapore led other Southeast
Asian stock markets higher on Wednesday, with Singapore's CapitaLand, Malaysia's Malayan Banking, Indonesia's Indocement and Thailand's PTT among the region's outperformers.
An auction of 10-year U.S. Treasury notes and the latest data from the U.S. Federal Reserve would set the direction for U.S. and global equities, Warut Siwasariyanon, head of research at Finansa Securities said.
Singapore's index <.FTSTI> rose 1.8 percent, with CapitaLand
Malaysia's index <.KLSE> rose 1.04 percent o its highest level since September 4, with Malayan Banking Bhd