BUSINESS

US stocks finish modestly lower following big sell-off in China

05/28/2015 04:12 EDT | Updated 05/28/2016 05:59 EDT
NEW YORK, N.Y. - U.S. stocks are ending modestly lower following a sell-off in the Chinese market and concerns about an approaching deadline for Greece to make a debt payment.

The Dow Jones industrial average fell 36 points, or 0.2 per cent, to close at 18,126 Thursday.

The Standard & Poor's 500 index edged down two points, or 0.1 per cent, to 2,120. The Nasdaq composite slipped eight points, or 0.2 per cent, to 5,097.

The price of crude oil rose 17 cents to $57.68 a barrel in New York after the government reported bigger-than-expected declines in U.S. oil and gasoline supplies

Chinese shares plunged Thursday following big gains over the past three months. The Shanghai Composite dropped more than 6 per cent. It's still more than double what it was a year ago.