"When you've got $US15 trillion in global government debt at negative yields, that's a new animal.
Over 300 of the S&P 500's components are down 10 per cent or more from their 52-week highs, according to Refinitiv data. All of the 11 major sectors in the S&P 500 closed in negative territory, with energy, financials, materials, consumer discretionary and communications services all falling three per cent or more.Macy's shares plunged 13.2 per cent after the department store operator missed quarterly profit estimates and cut its full-year earnings estimates.
A US House of Representatives oversight panel called on Mylan NV and Teva Pharmaceutical Industries to turn over documents as part of a review into generic drug price increases.Facebook slid 4.6 per cent on news that the EU's lead regulator is investigating how the social media company handled data during the manual transcription of users' audio recordings.