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WALL STREET INSIGHT
Healthy correction or sign of worse to come?
There's consensus on continued market volatility this week as investors track US Treasury yields
The blue-chip Dow Jones Industrial Average dropped more than 1,300 points last Wednesday and Thursday and finished 4 per cent lower for the week for its biggest loss since March.
PHOTO: AFP
FOLLOWING a massive selldown over two sessions last week, US stocks surged on Friday - setting the scene for further volatility this week.
Fears about rising Treasury yields and slowing global trade are at fever pitch as unnerved traders respond to Treasury markets, diplomatic haggling on
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