US Close 6 Feb 18: Market wide sell off – Dow off 1,175pts while S&P500 down 4.1%

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US sharemarkets fell again on Monday as traders debated how low prices needed to fall to attract fresh buying interest. The energy sector fell the most in line with a lower oil prices. Shares in Wells Fargo fell 9.2% after the Federal Reserve slapped new sanctions on the bank. At the close of trade the Dow Jones was down by 1,175 points or 4.6% after falling by 1,597 points in afternoon trade. The S&P 500 index fell by 4.1%. And the Nasdaq was down by 273 points or 3.8%.

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