Opening Bell: U.S. Stocks Slip on Weak China Manufacturing Data

U.S. stocks dipped on Wednesday, following a further slowdown in China's manufacturing sector. The world's second largest economy posted a decline in its May manufacturing PMI, which stood at 49.2 in May from 49.4 in April. A level under 50 represents a contraction. Meanwhile, Tesla (TSLA) - Get Report CEO Elon Musk made headlines at the company's annual shareholder meeting on Tuesday evening, saying owners of its new lower cost Model 3 sedan won't have access to its vast supercharger network for free. Salesforce (CRM) - Get Report plans to acquire cloud e-commerce company Demandware (DWRE) for $2.8 billion, or $75 a share. That's a 56 percent premium to Tuesday's closing price. This is Salesforce's largest acquisition. TheStreet's Scott Gamm reports from Wall Street.