A New York Stock Exchange official monitors the action on the floor of the exchange shortly after the opening bell in New York, July 9, 2015. U.S. stocks trimmed earlier strong gains in afternoon trading on Thursday after Wall Street found relief in Beijing's efforts to halt a rout in Chinese stocks, which lifted markets around the world. REUTERS/Lucas Jackson
TEMPO.CO, Jakarta - Major stocks in Wall Street ended Tuesday, May 3, 2016, trading session in the red zone, following its European and Asian counterpart amidst the concern over global economic slowdown.
The Dow Jones Industrial Average index lost 140.25 points and was closed at a level of 17,750.91. Meanwhile, the S&P 500 index and the Nasdaq Composite Index were experiencing a 18.06 and 54.37 point losses, respectively.
Analysts claimed that the stocks went under the pressure of weak Chinese manufacturing data and revised growth prediction for the Eurozone. Weakening global crude prices and other commodity prices also contributed to the slowdown effect.
"Concerns over global economic growth occupied investors'thoughts right now," said Alan Skrainka, Head of Investment division at the Cornerstone Wealth Management.
