Wall Street finished sharply lower on Monday, closing out a global market rout that saw Japan’s main stock index suffer its worst day in 37 years.
Wall Street’s benchmark S&P 500 dropped 3 per cent, its sharpest one-day drop since September 2022, while the tech-dominated Nasdaq Composite fell 3.4 per cent.
The sell-off was broad-based, with more than 95 per cent of stocks in the S&P 500 falling, but large tech companies that had driven much of this year’s earlier market rally were among the worst hit. Shares in Nvidia fell as much as 15 per cent in early trading, before closing down 6 per cent.
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