Wall St. falls on Fed rate hike worry
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2016. REUTERS/Brendan McDermid
NEW YORK (Reuters) - The S&P 500 fell to its lowest level since March on Thursday as Wall Street became more worried that the U.S. Federal Reserve might raise interest rates as early as June.
The Dow Jones industrial average <.DJI> fell 91.42 points, or 0.52 percent, to 17,435.2, the S&P 500 <.SPX> lost 7.61 points, or 0.37 percent, to 2,040.02 and the Nasdaq Composite <.IXIC> dropped 26.59 points, or 0.56 percent, to 4,712.53.
(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
- Israel's Iran attack carefully calibrated after internal splits, US pressure
- Italian activist jailed in Hungary to run for EU elections in June
Create E-mail Alert Related Categories
Market Check, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!