US Market Close 11 Oct 18: American stocks slump more than 3%

US markets posted some of the worst losses of the year, with the Dow Jones, S&P500 and Nasdaq down by more than 3%. Investors remain concerned about lifting US interest rates and signs some American companies are experiencing higher costs as the trade dispute with China continues. Aussie stocks are set for a fall of around 1.8% on Thursday.

 

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