Palm | Kelapa Sawit

DJI-NEW YORK, June 3 (Reuters) - U.S. stocks tumbled on Wednesday, halting a four-day winning streak, as falling oil prices hit energy shares, while less upbeat economic reports rekindled worries about recovery prospects.

The Dow Jones industrial average <.DJI> dropped 65.63 points, or 0.75 percent, to 8,675.24. The Standard & Poor's 500 Index <.SPX> shed 12.98 points, or 1.37 percent, to 931.76. The Nasdaq Composite Index <.IXIC> declined 10.88 points, or 0.59 percent, to 1,825.92.

Federal Reserve Chairman Ben Bernanke said in an appearance before the House Budget Committee he expected to see "some positive growth later this year" but not robust growth.

NYMEX-NEW YORK, June 3 (Reuters) - U.S. crude futures fell more than 3 percent on Wednesday, battered by government data showing a large, surprise increase in crude inventories and as the dollar rebounded strongly.

On the New York Mercantile Exchange, July crude settled down $2.43, or
3.54 percent, at $66.12 a barrel, trading from $64.95 to $68.95.

July crude hit an intraday high of $69.05 on Tuesday, the highest front-month price since $70.46 was reached on Nov. 5.

CBOT-SOYBEANS - July down 27 cents at $11.82 per bushel. Firm dollar, lower crude oil and drop in stock market weighed on soybean futures with profit-taking a key feature after the rally early in the week to eight-month highs.

CBOT-SOYOIL - July down 1.25 cents at 39.25 cents per lb. Lower crude oil and profit-taking weighing on soyoil futures.

FCPO-JAKARTA, June 3 (Reuters) - Malaysian palm oil futures dropped for a second day on Wednesday as investors, spooked by worries over higher production, continued to lock in profits from the recent crude oil-driven rally, traders said.

The benchmark August contract on the Bursa Malaysia's Derivatives Exchange settled down 23 ringgit to 2,575 ringgit ($739.52) per tonne. Overall volume was 9,830 lots of 25 tonnes each, less than the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, June 3 (Reuters) - Banking and building firms powered Thai shares to a 3-week high on Wednesday, while an interest rate cut triggered buying of financials and index heavyweights in Indonesia.

Singapore's index <.FTSTI> ended up 0.3 percent after a 0.2 percent loss on Tuesday, with United Overseas Bank and DBS Group , Southeast Asia's biggest bank, each gaining more than two percent.

Among decliners in the region, Malaysia's index <.KLSE> and the Philippine index <.PSI> each dropped 0.8 percent after rising in the last three sessions. Malaysia's Tenaga Nasional fell 1.95 percent, while Metrobank in Manila lost 5.4 percent.