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...Some of the biggest losers in the S&P index included Nvidia, down 10 per cent for its worst day since March 2020, and Facebook parent Meta, down 4.1 per cent....
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
...The blue-chip S&P 500 dropped 1 per cent, while the tech-heavy Nasdaq Composite fell 2 per cent....
...The S&P 500 was also on track for its worst week in more than five months in percentage terms....
...Australia’s S&P/ASX 200 index edged up 0.2 per cent. On Wall Street the S&P 500 gained 1.2 per cent on Tuesday and the tech-heavy Nasdaq Composite climbed 1.6 per cent....
...Wall Street’s benchmark S&P 500 fell 1.4 per cent, while the technology-heavy Nasdaq Composite lost 2.2 per cent....
...Australia’s benchmark S&P/ASX 200 index climbed 0.3 per cent....
...Tech stocks, which played a leading role in propelling the S&P 500 to a record high in January, fell on Wednesday....
...The S&P 500 closed 1.5 per cent lower for its biggest fall since September 21, while the Nasdaq sank by the same amount....
...S&P 500 futures rose, up 0.25 per cent, setting the stage for a positive open....
...Wall Street’s benchmark S&P 500 added 0.5 per cent shortly after the New York opening bell, with real estate and consumer cyclicals the best performing sectors....
...Australia’s S&P/ASX 200 edged up 0.1 per cent....
...Bond yields fall as their prices rise....
...Australia’s S&P/ASX 200 was flat. On Friday, New York Federal Reserve president John Williams said the US was on track to cut interest rates “later this year”....
...The S&P 500 had its biggest weekly loss since March and fell 10 per cent from a late July peak as escalating tensions in the Middle East unnerved investors....
...The yield on the two-year Treasury note, which falls when prices rise, dropped 0.07 percentage points to 4.31 per cent....
...The benchmark S&P 500 was down 0.3 per cent and the tech-dominated Nasdaq Composite shed 0.5 per cent shortly after the opening bell in New York on Wednesday....
...Only 11 per cent expected activity to fall....
...In March, the BoE forecast that headline inflation would temporarily fall below the 2 per cent target in the second quarter....
...Futures tracking the benchmark S&P 500 and the tech-heavy Nasdaq Composite were down 0.3 per cent and 0.5 per cent, respectively, ahead of the opening bell in New York....
...Yields rise as prices fall. In stock markets, the S&P 500 trimmed earlier losses to trade 0.7 per cent lower, while the technology-heavy Nasdaq Composite was down 0.9 per cent....
...Wall Street’s benchmark S&P 500 was down 0.5 per cent at the end of the day, while the technology-heavy Nasdaq Composite closed 0.6 per cent lower....
...Yields rise as prices fall....
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