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 world trade and quarterly earnings reports.
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.
Riskier small cap, international and technology stocks suffered even more damage, with the Russell 2,000 small-cap index finishing near its lows for the year and more than 10 per cent from its...