Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

US investors rattled as indexes plunge

A screen at the New York Stock exchange shows  the stock market falling the most since June 2020

A screen at the New York Stock exchange shows the stock market falling the most since June 2020 Source: AAP / Julia Nikhinson/AP

A worse than expected inflation report in the United States has sent Wall Street into a sharp sell-off: its biggest decline in more than two years. The Dow Jones plummeted more than 1,200 points with traders in Asia and Australia then picking up the negative sentiment. The timing could hardly have been worse for US President Joe Biden



Share

Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world