The dollar index, a measure of the greenback against a basket of global currencies, rose 0.25% on 4 May.
The China Caixin manufacturing PMI stood at 49.4 for April, indicating contraction in activity.
The Dow Jones rose triple digits, while the Nasdaq broke a seven-day losing streak.
Investors disappointed as they were expecting Bank of Japan to introduce a stimulus package.
US data indicated that the country grew in the first quarter but at its slowest pace in two years.
The Dow Jones dropped 210.79 points, or 1.17%, to settle well below the psychologically key 18,000 level.
The US Federal Reserve too decided not to increase interest rates.
Meanwhile, the Nasdaq Composite posted its first five-day losing streak since 11 January.
US Federal Reserve not expected to increase interest rates.
The Dow Jones and S&P 500, however, managed to turn higher following three straight days of declines.
The US Federal Reserve's two-day policy meeting concludes on 27 April.
The Nasdaq Composite posted its first three-day losing streak since 9 February.
Upham brewery produces various ales such as Punter, Tipster, and Stakes for around 300 local pubs.
West Texas Intermediate and Brent slide as stronger dollar and profit-taking send oil prices down.
The US Federal Reserve, Bank of Japan and the Reserve Bank of New Zealand will have their meetings this week.
Travelers, Verizon and a few other US companies have reported poor earnings.
The Dow Jones dropped below the 18,000 level as telecoms and utilities sectors weighed heavily.
Despite the Doha Opec meeting failing to freeze output, there are reasons why oil prices can recover.
Japan's Nikkei 225 leads gains in region as shares in Mitsubishi Motors go untraded.
The blue-chip index saw its best numbers since 20 July 2015.
Nomura Holdings has advised investors to keep away from China's market.
The S&P 500 also made gains while the Nasdaq Composite underperformed to end lower.
Kuwait strike has affected more than 60% of the country's oil production.
Stocks close the highest in months despite a disappointing meeting among oil producers.
This follows failed talks among oil producing nations such as Saudi Arabia and Russia in Doha on 17 April.
Talks collapse over Saudi insistence that Iran too must take part in capping output.
Talks fail after Saudi Arabia demands arch-rival Iran's participation in freeze.
Overall investors remained cautious ahead of the 17 April meeting between oil producing nations at Doha.
Monetary Authority of Singapore said it would not seek appreciation of its local currency.
$19.6m package is opposed by Aberdeen Asset Management, Royal London Asset Management, ShareSoc and ISS.