Thanks afternoon crew.
End-of-day summary:
The share market's eight-session win run came to a crashing halt after an unanticipated delay in US rate cuts triggered Wall Street's worst night since September.
A day after breaking into record territory, the ASX 200 swooned 92.5 points or 1.2%. Every sector saw red as traders cashed out. Banks, industrials and REITs were the biggest drags. Just one of the heavyweights that make up the ASX 20 resisted the selling: gold miner Newmont +1.25%.
The sell-off followed a volatile night on Wall Street, where early weakness following disappointing Big Tech earnings was compounded by news the head of the Federal Reserve does not expect the central bank will be ready to lower benchmark rates by March. The S&P 500 slumped 1.61%.
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Thanks afternoon crew. End-of-day summary: The share market's...
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