US stocks sold off on Tuesday, while government bond yields jumped, after strong jobs and services data prompted investors to bet the Federal Reserve will lower interest rates just once this year.
Wall Street’s S&P 500 share gauge fell 1.1 per cent, while the technology-heavy Nasdaq Composite closed 1.9 per cent lower.
Electric-car maker Tesla and semiconductor giant Nvidia were among the biggest fallers, sliding more than 4 per cent and 6 per cent respectively.
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