Global stocks fell on Wednesday as investors anticipated the unwinding of central bank stimulus measures that have helped prop up markets throughout the coronavirus pandemic.
Wall Street’s blue-chip S&P 500 index closed down 0.1 per cent, while the tech-heavy Nasdaq fell 0.6 per cent. Declines were broad-based, with cyclical sectors such as financials and energy falling alongside technology stocks, the latter having recently been a hide-out for investors doubtful of the strength of the economic recovery.
The cautious mood in the US followed declines across Europe and most of Asia.
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