While You Were Sleeping: Wall St falls on prospects of rate hike, Greek debt talks

Mon, 08 Jun 2015

June 9 (BusinessDesk) - Stock benchmarks on Wall Street extended their slide, with the Standard & Poor’s 500 Index sinking to a month low, as investors weighed the implications of interest rate hikes starting in September. US stocks added to their decline last Friday, when figures showed the world’s biggest economy added 280,000 jobs in May and wages rose more than expected. Fourteen of 16 economists in a Reuters survey expect the Federal Reserve to hike rates from near zero in September and make another increase before the end of the year....

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