Wall Street slips as investors juggle growth data; Salesforce weighs on Dow

Najib told MACC of millions of ringgit kept as contingency after GE13 to prevent Sept 2008 Pakatan Rakyat takeover repeat, witness says in 1MDB trialUS stock indexes fell today, with a plunge in Salesforce dragging on the Dow, while data showing the economy grew slower than previously expected in the first quarter supported bets of interest-rate cuts from the Federal Reserve this year.

US Treasury yields dipped following the report, while chances for an at least 25-basis-point interest rate reduction in September edged up to nearly 52 per cent, from 48.7 per cent before the data, according to the CME Group’s FedWatch Tool. The benchmark S&P 500 Index fell to its lowest in two weeks, while the blue-chip Dow dropped to a one-month low.

Tesla gained 2.7 per cent after Reuters reported the company was preparing to register its ‘Full Self-Driving’ software in China.

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