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Wall St closed lower overnight as higher treasury yields weighed on market sentiment. The Dow Jones had its worst day since September falling nearly 1%, the S&P 500 dropped 0.92% and the tech-heavy Nasdaq lost 1.6%.
Over in Europe, markets followed the US and ended Wednesday’s trading session in the red. The STOXX600 closed 0.3% lower with the majority of sectors ending in negative territory. Germany’s DAX fell 0.23%, the French CAC lost half a percent and over in the UK, the FTSE100 closed 0.58% lower.
Locally yesterday, the ASX200 ended Wednesdays session 0.13% higher, with most major sectors ending in the green. Gains were led by the consumer staples and consumer discretionary sectors which rose 1.33% and 0.44% respectively. This was offset by the information technology sector which fell nearly 1%.
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