* Wall St lower as tech slide resumes
* Dollar hits June high after data backs further Fed
* Three BoE policymakers vote for rate hike
* Yields inch up from depressed levels on U.S. data, Fed
(Updates prices, adds gold prices down)
By Caroline Valetkevitch
NEW YORK, June 15 World stock indexes fell on
Thursday as technology shares extended their recent selloff,
while the prospect of tighter monetary policy in the United
States and Britain pushed up the dollar.
High global inventories and doubts about OPEC's ability to
implement agreed production cuts pressured oil prices.
The Federal Reserve on Wednesday raised interest rates, as
widely expected, and signaled another hike could follow this
year. Its statement and comments by Fed Chair Janet Yellen
afterward prompted some investor concerns the central bank's
tone was hawkish.
"When you look at the economic data, it really doesn't point
to an aggressive Fed. But you listen to the comments yesterday,
and they're still on the aggressive side as far as raising
rates," said Paul Nolte, portfolio manager at Kingsview Asset
Management in Chicago.
In a sign that the squeeze on consumers may get tighter
before long, three Bank of England policymakers voted to raise
rates against five for keeping rates on hold. Economists polled
by Reuters had expected a 7-1 vote in favor of no change.
The recent selloff in tech shares resulted in part by
investors trying to take profits in an area that has led market
gains this year and has fueled concern about stretched
valuations in the overall market.
The U.S. technology index was down 0.7 percent,
leading a broad decline in the S&P 500, pulled down by
heavyweights including Apple Inc and Alphabet Inc
after bearish research comments. The tech index is
down about 4 percent since Thursday's close.
The Dow Jones Industrial Average was down 29.91
points, or 0.14 percent, to 21,344.65, the S&P 500 had
lost 8.79 points, or 0.36 percent, to 2,429.13 and the Nasdaq
Composite had dropped 46.62 points, or 0.75 percent, to
The pan-European FTSEurofirst 300 index ended down
0.3 percent and MSCI's gauge of stocks across the globe
fell 0.9 percent.
The dollar rose to its highest in more than two weeks as
solid readings on the U.S. economy helped strengthen the case
for the Fed to continue tightening.
The number of Americans filing unemployment claims fell more
than expected last week, suggesting slack in the labor market
was shrinking, and the Philadelphia Fed business conditions for
June beat expectations after a strong reading in
The reports followed weak inflation data on Wednesday.
The dollar index, which tracks the U.S. currency
against six major peers, was last up 0.6 percent, and rose as
high as 97.557, its highest since May 30.
The stronger-than-expected U.S. economic data also boosted
U.S. Treasury yields, with two-year yields touching their
highest in three months. But most yields remained depressed
after their biggest plunge in a month Wednesday.
U.S. two-year yields hit 1.368 percent, their
highest in three months.
Brent crude oil was down 0.3 percent to $46.87 a
barrel after hitting its weakest since May 5. U.S. light crude
was down 0.6 percent at $44.46.
The stronger dollar weighed on gold, which hit a three-week
low. Spot gold fell 0.6 percent to $1,253.09 per ounce.
For Reuters Live Markets blog on European and UK stock
markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets
(Additional reporting by Lewis Krauskopf in New York and Nigel
Stephenson in London; Hideyuki Sano in TOKYO, Ritvik Carvalho
and Abhinav Ramanarayan, and Jan Harvey in LONDON; Editing by
Louise Ireland and Nick Zieminski)