6/15, 5:01 PM (Source: TeleTrader)
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Dow drops by over 150 pts after disappointing data

The Dow Jones Industrial Average declined by over 150 points during Tuesday's trading session after the latest reports on the United States' business inventories and retail sales showed rather lukewarm results.

Traders will now keep an eye on the newest developments ahead of US President Joe Biden's meeting with his Russian counterpart Vladimir Putin, as well as on Oracle Corporation's earnings in the fourth quarter of the year.

The Dow Jones lost 0.47% or 160 points at 10:54 am ET. The Nasdaq 100 dropped down by 0.45% at 11:00 am ET, while at the same time, the S&P 500 went down by 0.26%. The euro stood flat against the dollar, selling for $1.21260 at 11:01 am ET.

Breaking the News / JR