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Wall Street suffers worst hit of 2026 so far amid massive stock sell-off
Key takeaways
- Wall Street has experienced its largest losses so far in 2026 with the S&P 500 dropping 2.6 per cent.
- The US stock market has suffered its worst losses in eight months due to large sell-offs of tech giants' shares and fears of a looming rate hike.
- The 2.6 per cent slump in the S&P 500 on Friday followed data showing US employers added 172,000 jobs in May, far more than the 80,000 expected for the month.
Why this matters: an international story with cross-border implications worth tracking.
Wall Street has experienced its largest losses so far in 2026 with the S&P 500 dropping 2.6 per cent. (AP: Richard Drew)
The US stock market has suffered its worst losses in eight months due to large sell-offs of tech giants' shares and fears of a looming rate hike.
The 2.6 per cent slump in the S&P 500 on Friday followed data showing US employers added 172,000 jobs in May, far more than the 80,000 expected for the month.
Article preview — originally published by ABC Australia. Full story at the source.
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