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Wall Street pounded by credit, economic fears

October 6, 2018
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Wall Street shares took a heavy pounding overnight as credit andeconomic fears prompted the US markets to plummet over two percent. (Sydney Morning Herald — 1 hour ago)
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The Australian dollar lost more than one US cent from its overnighthigh as equities also nosedived on the back of a flight to quality. (Sydney Morning Herald — 1 hour ago)
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There did not appear to be a single catalyst for the drop, but several problematic readings were bruising to investor confidence. (New York Times — 36 minutes ago)
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The Australian sharemarket opened lower today following a soft leadfrom Wall Street overnight. (The Age — 22 hours ago)
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US stocks rose last week after new home sales and durable-goodsorders topped economists’ forecasts, spurring speculation the USeconomy can weather credit-market losses caused by the subprimehousing collapse. (The Age — 26 August, 2007)
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The Australian sharemarket opened lower today after comments by thelargest US mortgage company on the economic outlook drove stocksdown in New York. (The Age — 24 August, 2007)
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The Australian share market closed slightly lower today, as strongcompany results were offset by a weak lead from Wall Street. (The Age — 16 hours ago)
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The Australian sharemarket remained high at midday after markets inthe United States rose strongly on Friday. (The Age — 27 August, 2007)
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US stocks fell on Monday after data showed the number of unsoldhomes reached its highest level in more than 15 years in July,adding to concerns about the housing market and consumer spending. (The Age — 23 hours ago)
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