Day traders' after-market lounge May 22

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    Thanks afternoon crew.

    End-of-day summary:

    Wall Street's worst session in a month set up the Australian share market for a pullback from a three-month high.


    The ASX 200 declined 38 points or 0.45%,a day after posting its strongest finish since mid-February.

    Market sentiment soured overnight as weak demand for a bond auction rang alarm bells about the US's US$36 trillion national debt. Bonds, stocks and the greenback all fell as yields climbed into territory that has historically made investors uncomfortable. The S&P 500 sank 1.61%.

    Gold offered a haven with miners filling the top spots on the ASX 200 following a three-day rebound in precious metals as investors rotated into defensive assets.
 
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