Trader's Highlight

DJI-NEW YORK, June 16 (Reuters) - U.S. stocks slipped on Tuesday as mixed economic data and Best Buy's disappointing sales spurred worries about an anemic recovery. A rebound in May housing starts pointed to some stabilization in that sector, but another government report showed industrial production had a steeper-than-expected slide last month.

Indexes ended at session lows. The Dow Jones industrial average <.DJI> fell 107.46 points, or 1.25 percent, to 8,504.67. The Standard & Poor's 500 Index <.SPX> lost 11.75 points, or 1.27 percent, to 911.97. The Nasdaq Composite Index <.IXIC> was off 20.20 points, or 1.11 percent, to 1,796.18.

NYMEX-NEW YORK, June 16 (Reuters) - U.S. crude oil losses dropped further in post-settlement trading on Tuesday, after inventory data from the American Petroleum Institute showed that crude stocks fell less than expected last week.

The API said crude stocks fell 1.3 million barrels to 356.6 million barrels last week, gasoline stocks rose 2.1 million barrels to 207.7 million barrels and distillate supplies added 881,000 barrels to 151.5 million barrels.

The U.S. Energy Information Administration will release its data on Wednesday, at 10:30 a.m. EDT (1430 GMT).

On the New York Mercantile Exchange at 5:05 p.m. (2105 GMT), July crude was down 42 cents, or 0.59 percent, at $70.20 a barrel. It had settled down 15 cents, or 0.21 percent, at $70.47, trading from $69.80 to $72.77.

CBOT-SOYBEANS - July up 4-1/4 cents at $12.01-1/4 a bushel; November up 3-3/4 cents at $10.28-1/2.

Tight stocks, weaker dollar and worries about wet weather delaying soybean planting in key crop states of Illinois and Indiana underpin prices.

CBOT-SOYOIL - July up 0.34 cent at 36.96 cents per lb. Recent strength in crude oil supportive.

FCPO-KUALA LUMPUR, June 16 (Reuters) - Malaysian palm oil futures bounced from 2-month lows hit earlier on Tuesday as investors focused on the prospect of lacklustre palm oil output growth.

The benchmark September contract on Bursa Malaysia's Derivatives Exchange settled up 11 ringgit at 2,400 ringgit ($681.4) after going as high as 2,425 ringgit per tonne. Earlier on, the contract dropped to 2,358 ringgit per tonne, a level unseen since April 17.

REGIONAL EQUITIES-BANGKOK, June 16 (Reuters) - Southeast Asian stock markets
fell on Tuesday, worried about the pace of recovery in the global economy, with Singapore tumbling to near three-week lows while stocks in Jakarta and Bangkok slid close to two-week lows.

Singapore <.FTSTI> dropped 1.2 percent to its lowest since May 28, recouping part of an early 2.2 percent loss, while Indonesia <.JKSE> and Thailand <.SETI>, each earlier near two-week lows, fell 1.9 percent and 2.7 percent respectively.

Malaysia <.KLSE> snapped a four-day rally, falling 1.6 percent to its lowest since June 9, and Manila <.PSI> ended a three-day winning streak, down 1.6 percent.