US Close 18 May 16: US zig zag trading continues after expectation of a rate hike increased

US sharemarkets gave back Monday's gains with fresh debate about whether the Federal Reserve lifts interest rates in June after the release of solid economic data. The Dow Jones fell by 181 points or 1.0% with the S&P 500 index lower by 0.9% and the Nasdaq fell by almost 60 points or 1.3%.

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