US stocks hammered and commodities softer

US STOCKS have been hammered amid inflation fears with the Dow Jones losing 3.6%, the S&P 500 4% and the NASDAQ nearly 5%.

US stocks hammered and commodities softer US stocks hammered and commodities softer US stocks hammered and commodities softer US stocks hammered and commodities softer US stocks hammered and commodities softer

Commodities were softer with copper down about 1.5%.

Gold remained above US$1800/oz at $1815/oz, while iron ore continued to be in the $120-130/t range.

The Australian dollar was at 69.5c.

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