US stocks tick down on oil slide

New York, June 10: US stocks traded lower as a decline in oil prices weighed on Wall Street.

The Dow Jones Industrial Average fell 73.34 points, or 0.41 per cent, to 17,931.71 on Thursday, a news agency reported.

The S&P 500 lost 9.51 points, or 0. 45 per cent, to 2,109.61. The Nasdaq Composite Index was down 24.57 points, or 0.49 per cent, to 4,950.07.

Oil prices retreated on Thursday with both the US oil and Brent crude dipping over 1 per cent around midday, as traders took profit.

US stocks ended higher after wavering in a tight range on Wednesday, with the Dow Jones industrial average above the psychologically key 18,000 level for the first time since April.

IANS