Sell-off on Wall Street

US shares plunged overnight on concerns about rising yields and growth.

Sell-off on Wall Street Sell-off on Wall Street Sell-off on Wall Street Sell-off on Wall Street Sell-off on Wall Street
"Equity markets were locked in a sharp sell-off, with concern around how far yields will rise, warnings from the IMF about financial stability risks and continued trade tension all driving uncertainty," ANZ Research said.

The S&P 500 slumped by 3.3% or 94.6 points, the Dow Jones Industrial Average lost 3.2% or 831.8 points and the NASDAQ dropped 4.1% or 315.9 points in the worst day on Wall Street since February.

According to Bloomberg, the S&P 500 is experiencing the longest losing streak of Donald Trump's presidency, down by 4.8% over five days.

It's set to be a grim day for Australian stocks with the SPI 200 futures index down by 109 points.

Miners should strug...

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