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Global equities tumble in wake of Wall Street rout, but pressure on U.S. eases

MarketWatch
Global equities tumble in wake of Wall Street rout, but pressure on U.S. eases

European and Asian stocks fell sharply Thursday, taking a cue from the previous day’s Wall Street rout. U.S. stocks saw a second day of selling, but losses were moderate. The broad market selloff that extended into Asia came after investors got spooked by rising bond yields and the prospect of U.S. interest rates heading higher. How are major benchmarks faring? U.S. stock-index futures fell sharply overnight but pared losses ahead of the open after inflation data. The S&P 500 and Dow Jones Industrial Average were both down around 0.5%, while the Nasdaq Composite declined 0.6%. See: Why the stock market tumbled Wednesday, ushering in its worst start to a quarter in about 2 years In a shocking