They are pricing in a 21 per cent chance of a rate hike in July, a 40 per cent chance in September and a 59 per cent chance in December. On the Nasdaq, 1,719 issues fell and 1,122 advanced.The S&P 500 index showed 11 new 52-week highs and six new lows, while the Nasdaq recorded 24 new highs and 78 new lows. "Four of the 10 major S&P sectors lost ground, with financials falling 1.45 per cent. Wall Street dropped for a fourth straight session on Tuesday as central bank policymakers weighed the health of the US economy and investors worried about an upcoming vote in Britain on whether to leave the European Union.Investors launched a late-day rally but the major indices still ended with losses. "Markets are better priced for it today than a week ago, but they are still not fully priced for a 'leave' vote.

Source: Economic Times June 14, 2016 20:03 UTC